Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Shares Up 0.4% – Should You Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) traded up 0.4% on Thursday . The company traded as high as $23.54 and last traded at $23.42. 14,293 shares were traded during mid-day trading, a decline of 40% from the average session volume of 23,885 shares. The stock had previously closed at $23.33.

Unlimited HFND Multi-Strategy Return Tracker ETF Stock Performance

The stock has a market cap of $33.71 million, a price-to-earnings ratio of 17.86 and a beta of 0.50. The company has a 50 day moving average of $23.36 and a 200-day moving average of $23.25.

Unlimited HFND Multi-Strategy Return Tracker ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were paid a dividend of $1.1454 per share. This represents a yield of 506.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds 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. Miller Global Investments LLC bought a new position in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 119,514 shares of the company’s stock, valued at approximately $2,695,000. Unlimited HFND Multi-Strategy Return Tracker ETF makes up about 2.4% of Miller Global Investments LLC’s portfolio, making the stock its 8th largest holding. Miller Global Investments LLC owned about 9.05% of Unlimited HFND Multi-Strategy Return Tracker ETF as of its most recent SEC filing.

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.