Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Share Price Break Below Fifty Day Moving Average – Here’s Why

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s stock price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $21.96 and traded as low as $21.73. Strategy Shares Nasdaq 7HANDL Index ETF shares last traded at $21.88, with a volume of 103,309 shares changing hands.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

The stock has a market cap of $634.23 million, a P/E ratio of 24.18 and a beta of 0.74. The firm’s fifty day simple moving average is $21.94 and its 200-day simple moving average is $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, November 12th will be paid a dividend of $0.1274 per share. The ex-dividend date of this dividend is Thursday, November 12th.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

A number of institutional investors have recently bought and sold shares of HNDL. Kestra Advisory Services LLC raised its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the 1st quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock worth $2,990,000 after acquiring an additional 125,029 shares in the last quarter. Sanctuary Advisors LLC boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% during the 1st quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock valued at $1,037,000 after purchasing an additional 10,096 shares in the last quarter. Asset Allocation Strategies LLC boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% during the 2nd quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock valued at $387,000 after purchasing an additional 662 shares in the last quarter. NFSG Corp grew its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 4.6% during the third quarter. NFSG Corp now owns 111,325 shares of the company’s stock worth $2,399,000 after purchasing an additional 4,907 shares during the period. Finally, Private Advisor Group LLC grew its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 510.3% during the third quarter. Private Advisor Group LLC now owns 104,441 shares of the company’s stock worth $2,251,000 after purchasing an additional 87,329 shares during the period.

About Strategy Shares Nasdaq 7HANDL Index ETF

The Strategy Shares Nasdaq 7 Handl Index ETF (HNDL) is an exchange-traded fund that is based on the NASDAQ 7 HANDL index. The fund is a fund of funds that targets a high distribution rate. The funds index reflects a balanced portfolio of US equities, fixed income, and alternative investments HNDL was launched on Jan 17, 2018 and is managed by Strategy Shares.