Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Large Increase in Short Interest

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 19,210 shares, a growth of 231.5% from the May 31st total of 5,794 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 65,418 shares, the short-interest ratio is currently 0.3 days.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Strategy Shares Nasdaq 7HANDL Index ETF stock traded up $0.03 during mid-day trading on Monday, hitting $22.86. The company’s stock had a trading volume of 92,792 shares, compared to its average volume of 69,656. Strategy Shares Nasdaq 7HANDL Index ETF has a 52-week low of $21.32 and a 52-week high of $23.00. The company has a market cap of $647.62 million, a PE ratio of 24.18 and a beta of 0.73. The firm’s 50 day moving average is $22.72 and its 200 day moving average is $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, June 12th. Stockholders of record on Thursday, June 11th were issued a $0.1323 dividend. The ex-dividend date was Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. lifted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after buying an additional 1,200 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at $32,000. PNC Financial Services Group Inc. acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at $35,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at $172,000.

Strategy Shares Nasdaq 7HANDL Index ETF Company Profile

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.