Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Shares Down 0.1% – Here’s What Happened

Shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) dropped 0.1% during mid-day trading on Monday . The stock traded as low as $23.97 and last traded at $24.02. Approximately 35,721 shares traded hands during mid-day trading, an increase of 179% from the average daily volume of 12,825 shares. The stock had previously closed at $24.04.

Unlimited HFND Multi-Strategy Return Tracker ETF Trading Up 0.9%

The company has a market cap of $31.80 million, a price-to-earnings ratio of 17.86 and a beta of 0.49. The firm’s fifty day moving average price is $23.73 and its 200-day moving average price is $23.61.

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. Osbon Capital Management LLC acquired a new stake in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 1,168 shares of the company’s stock, valued at approximately $26,000. Osbon Capital Management LLC owned approximately 0.09% of Unlimited HFND Multi-Strategy Return Tracker ETF at the end of the most recent reporting period.

About Unlimited HFND Multi-Strategy Return Tracker ETF

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.