Short Interest in Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Rises By 253.2%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 63,271 shares, a growth of 253.2% from the July 30th total of 17,913 shares. Based on an average trading volume of 74,239 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Osaic Holdings Inc. grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 0.9% in the 4th quarter. Osaic Holdings Inc. now owns 206,404 shares of the company’s stock worth $4,545,000 after acquiring an additional 1,841 shares in the last quarter. Summit Financial LLC boosted its holdings in 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 purchasing an additional 14,979 shares during the period. Kestra Advisory Services LLC boosted its holdings in 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 worth $2,990,000 after purchasing an additional 125,029 shares during the period. NFSG Corp increased its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1.6% during 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. Finally, Creative Planning increased its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 6.5% during the third quarter. Creative Planning now owns 69,020 shares of the company’s stock valued at $1,538,000 after purchasing an additional 4,187 shares during the last quarter.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.7%

Shares of HNDL traded down $0.16 during midday trading on Friday, hitting $22.56. The company had a trading volume of 83,212 shares, compared to its average volume of 68,428. The company’s 50 day moving average price is $22.69 and its 200 day moving average price is $22.56. The stock has a market cap of $633.03 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a 52 week low of $21.50 and a 52 week high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, August 14th. Investors of record on Thursday, August 13th were issued a $0.1324 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend was Thursday, August 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.