Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) Shares Climb 0.4% – Here’s Why

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND)’s stock price was up 0.4% on Monday. The company traded as high as $24.19 and last traded at $24.1360. 18,528 shares traded hands during mid-day trading, an increase of 64% from the average daily volume of 11,312 shares. The stock had previously closed at $24.03.

Unlimited HFND Multi-Strategy Return Tracker ETF Stock Performance

The stock has a 50 day moving average of $24.35 and a two-hundred day moving average of $24.18. The firm has a market capitalization of $38.04 million, a P/E ratio of 17.86 and a beta of 0.48.

Institutional Trading of Unlimited HFND Multi-Strategy Return Tracker ETF

A hedge fund recently bought a new position in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Compass Financial Management LLC bought a new position in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,104 shares of the company’s stock, valued at approximately $101,000. Compass Financial Management LLC owned 0.28% of Unlimited HFND Multi-Strategy Return Tracker ETF at the end of the most recent quarter.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

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.