Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) Trading 0.2% Higher – Still a Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) shot up 0.2% during trading on Friday . The stock traded as high as $24.52 and last traded at $24.5090. 2,767 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 11,412 shares. The stock had previously closed at $24.47.

Unlimited HFND Multi-Strategy Return Tracker ETF Price Performance

The firm’s 50-day simple moving average is $24.43 and its two-hundred day simple moving average is $24.11. The company has a market capitalization of $36.27 million, a price-to-earnings ratio of 17.86 and a beta of 0.48.

Institutional Investors Weigh In On Unlimited HFND Multi-Strategy Return Tracker ETF

A hedge fund recently bought a new stake in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Osbon Capital Management LLC acquired a new position in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,168 shares of the company’s stock, valued at approximately $26,000. Osbon Capital Management LLC owned about 0.09% of Unlimited HFND Multi-Strategy Return Tracker ETF as of its most recent filing with the Securities & Exchange Commission.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

The Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund that seeks to outperform the hedge fund industry by taking long and short positions in broad-based ETFs and futures contracts. The fund attempts to build a portfolio with similar return characteristics to the hedge fund industry gross of fees returns. HFND was launched on Oct 10, 2022 and is managed by Tidal ETFs.