Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Stock Short Interest Rises 111.6%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a large growth in short interest in October. As of October 15th, there was short interest totaling 138,738 shares, a growth of 111.6% from the September 30th total of 65,575 shares. Based on an average daily trading volume, of 118,329 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

A number of large investors have recently added to or reduced their stakes in the stock. NFSG Corp increased its position in Strategy Shares Nasdaq 7HANDL Index ETF by 4.6% during the third quarter. NFSG Corp now owns 111,325 shares of the company’s stock valued at $2,399,000 after acquiring an additional 4,907 shares during the last quarter. RFG Advisory LLC boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% in the second quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock worth $1,093,000 after purchasing an additional 4,594 shares during the last quarter. Citadel Advisors LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth about $202,000. Ameritas Advisory Services LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth about $47,000. Finally, Asset Allocation Strategies LLC grew its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% during the 2nd quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock valued at $387,000 after purchasing an additional 662 shares during the period.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Down 0.5%

NASDAQ:HNDL traded down $0.11 during mid-day trading on Friday, reaching $22.06. The company’s stock had a trading volume of 131,262 shares, compared to its average volume of 79,952. The stock has a market cap of $637.31 million, a P/E ratio of 24.18 and a beta of 0.74. The firm’s fifty day moving average price is $22.06 and its two-hundred day moving average price is $22.40. Strategy Shares Nasdaq 7HANDL Index ETF has a 12-month low of $21.36 and a 12-month high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, October 13th were given a dividend of $0.1278 per share. This represents a $1.53 dividend on an annualized basis and a yield of 6.9%. This is a negative change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291. The ex-dividend date was Tuesday, October 13th.

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.