Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Reaches New 52-Week Low – Should You Sell?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares hit a new 52-week low on Tuesday. The stock traded as low as $21.51 and last traded at $21.55, with a volume of 69372 shares. The stock had previously closed at $21.63.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The firm has a market capitalization of $618.34 million, a PE ratio of 24.18 and a beta of 0.73. The company’s fifty day simple moving average is $22.43 and its 200 day simple moving average is $22.50.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th were given a $0.1291 dividend. This represents a $1.55 annualized dividend and a dividend yield of 7.2%. This is a decrease from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324. The ex-dividend date of this dividend was Monday, September 14th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Kestra Advisory Services LLC lifted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% during the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock worth $2,990,000 after acquiring an additional 125,029 shares in the last quarter. NFSG Corp grew its position in shares of 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 purchasing an additional 1,709 shares in the last quarter. OxenFree Capital LLC grew its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 7.5% in the second quarter. OxenFree Capital LLC now owns 53,708 shares of the company’s stock valued at $1,227,000 after purchasing an additional 3,744 shares in the last quarter. RFG Advisory LLC raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% during the 2nd quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock valued at $1,093,000 after purchasing an additional 4,594 shares during the period. Finally, Sanctuary Advisors LLC raised its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% during the 1st quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock valued at $1,037,000 after purchasing an additional 10,096 shares during the period.

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.