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

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

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Shares of HNDL stock traded up $0.01 during trading hours on Friday, reaching $22.85. 36,156 shares of the company’s stock were exchanged, compared to its average volume of 68,056. The company’s 50 day moving average is $22.78 and its two-hundred day moving average is $22.45. Strategy Shares Nasdaq 7HANDL Index ETF has a 1 year low of $21.32 and a 1 year high of $23.00. The company has a market cap of $641.17 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, June 11th were issued a $0.1323 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Thursday, June 11th.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 0.9% during the 4th quarter. Osaic Holdings Inc. now owns 206,404 shares of the company’s stock worth $4,545,000 after purchasing an additional 1,841 shares in the last quarter. Summit Financial LLC boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 9.4% in the fourth quarter. Summit Financial LLC now owns 173,508 shares of the company’s stock worth $3,821,000 after acquiring an additional 14,979 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the 1st 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 during the last quarter. NFSG Corp boosted its holdings in 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 acquiring an additional 1,709 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 103,750 shares of the company’s stock valued at $2,285,000 after purchasing an additional 4,866 shares in the last quarter.

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.