Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Large Increase in Short Interest

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 19,210 shares, a growth of 231.5% from the May 31st total of 5,794 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 65,418 shares, the short-interest ratio is presently 0.3 days.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Shares of HNDL stock traded up $0.05 on Friday, reaching $22.83. 28,343 shares of the stock were exchanged, compared to its average volume of 69,466. The stock has a market cap of $646.77 million, a PE ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a one year low of $21.32 and a one year high of $23.00. The stock has a 50 day moving average price of $22.72 and a 200 day moving average price of $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, June 11th were paid a $0.1323 dividend. The ex-dividend date of this dividend was Thursday, June 11th. This represents a c) dividend on an annualized basis and a yield of 7.0%.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Arkadios Wealth Advisors boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% in the 1st quarter. Arkadios Wealth Advisors now owns 16,217 shares of the company’s stock worth $354,000 after purchasing an additional 2,021 shares during the last quarter. Independent Financial Group LLC bought a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the first quarter worth about $254,000. NFSG Corp grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1.6% during the 1st quarter. NFSG Corp now owns 105,459 shares of the company’s stock worth $2,303,000 after buying an additional 1,709 shares during the period. Sanctuary Advisors LLC grew 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 worth $1,037,000 after buying an additional 10,096 shares during the period. Finally, Kestra Advisory Services LLC increased its stake 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 valued at $2,990,000 after acquiring an additional 125,029 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Company Profile

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.