Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Up 69.5% in August

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 107,229 shares, an increase of 69.5% from the August 15th total of 63,271 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 102,797 shares, the days-to-cover ratio is currently 1.0 days.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Shares of NASDAQ HNDL traded down $0.08 during trading hours on Wednesday, hitting $21.82. The stock had a trading volume of 89,866 shares, compared to its average volume of 73,269. The firm’s 50-day moving average price is $22.58 and its two-hundred day moving average price is $22.54. Strategy Shares Nasdaq 7HANDL Index ETF has a 52 week low of $21.53 and a 52 week high of $23.00. The company has a market capitalization of $624.38 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, September 14th were given a $0.1292 dividend. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Monday, September 14th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Advisory Services LLC acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth about $47,000. Citadel Advisors LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at about $202,000. Independent Financial Group LLC acquired a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at about $254,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter valued at approximately $312,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 4th quarter valued at approximately $337,000.

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.