Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Down 41.7% in July

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a large decrease in short interest in the month of 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 daily volume of 48,058 shares, the short-interest ratio is currently 0.4 days.

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

A number of hedge funds have recently modified their holdings of HNDL. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth $25,000. Geneos Wealth Management Inc. increased its position in 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 purchasing an additional 1,200 shares during the last quarter. Bank of America Corp DE purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth about $32,000. PNC Financial Services Group Inc. purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth about $35,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at about $172,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Shares of HNDL stock traded down $0.01 during trading on Tuesday, hitting $22.67. 92,011 shares of the company were exchanged, compared to its average volume of 67,301. The firm has a market capitalization of $636.12 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. The business’s 50-day simple moving average is $22.70 and its 200 day simple moving average is $22.54. Strategy Shares Nasdaq 7HANDL Index ETF has a twelve month low of $21.50 and a twelve month high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.1324 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) dividend on an annualized basis 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.