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

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a large decline in short interest in June. As of June 30th, there was short interest totaling 4,329 shares, a decline of 77.5% from the June 15th total of 19,210 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 47,808 shares, the short-interest ratio is currently 0.1 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after buying an additional 1,200 shares in the last quarter. Independent Financial Group LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at about $254,000. Sanctuary Advisors LLC raised its position in Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% during the first quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock worth $1,037,000 after acquiring an additional 10,096 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock valued at $2,990,000 after purchasing an additional 125,029 shares in the last quarter. Finally, NFSG Corp grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1.6% in the first quarter. NFSG Corp now owns 105,459 shares of the company’s stock valued at $2,303,000 after purchasing an additional 1,709 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.3%

Shares of NASDAQ HNDL traded down $0.06 during midday trading on Monday, hitting $22.79. The company had a trading volume of 22,294 shares, compared to its average volume of 67,706. Strategy Shares Nasdaq 7HANDL Index ETF has a twelve month low of $21.32 and a twelve month high of $23.00. The business has a 50-day simple moving average of $22.78 and a two-hundred day simple moving average of $22.46. The firm has a market capitalization of $638.80 million, a price-to-earnings ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, June 11th were paid a dividend of $0.1323 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a c) annualized dividend and a dividend yield of 7.0%.

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.