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

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 17,913 shares, a decrease of 41.7% from the July 15th total of 30,736 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 48,058 shares, the short-interest ratio is currently 0.4 days.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

NASDAQ HNDL opened at $22.79 on Monday. The company has a market capitalization of $639.49 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a 12 month low of $21.50 and a 12 month high of $23.00. The company’s fifty day moving average price is $22.69 and its two-hundred day moving average price is $22.54.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, August 14th. Stockholders of record on Thursday, August 13th were given a dividend of $0.1324 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) annualized dividend and a dividend yield of 7.0%.

Hedge Funds Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

A number of hedge funds have recently bought and sold shares of HNDL. Garton & Associates Financial Advisors LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the fourth quarter valued at about $25,000. Geneos Wealth Management Inc. grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after acquiring an additional 1,200 shares in the last quarter. Bank of America Corp DE bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter valued at $32,000. PNC Financial Services Group Inc. acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at about $35,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at about $172,000.

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.