Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Stock Short Interest Drops 36.7%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 67,831 shares, a decline of 36.7% from the August 31st total of 107,229 shares. Based on an average daily volume of 137,988 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of HNDL. Ameritas Advisory Services LLC purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter valued at approximately $47,000. Citadel Advisors LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth approximately $202,000. Independent Financial Group LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at $254,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at $312,000. Finally, Arkadios Wealth Advisors lifted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 14.2% during the 1st quarter. Arkadios Wealth Advisors now owns 16,217 shares of the company’s stock valued at $354,000 after buying an additional 2,021 shares during the period.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.6%

HNDL stock opened at $21.73 on Friday. The business has a 50 day moving average of $22.37 and a 200 day moving average of $22.48. The firm has a market cap of $625.77 million, a PE ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a twelve month low of $21.36 and a twelve month high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, September 14th were given a dividend of $0.1291 per share. This is a negative change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.55 annualized dividend and a yield of 7.1%.

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.