Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) Trading 0.2% Higher – Still a Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFNDGet Free Report)’s stock price was up 0.2% during mid-day trading on Friday . The stock traded as high as $24.52 and last traded at $24.5090. 2,767 shares changed hands during trading, a decline of 76% from the average session volume of 11,412 shares. The stock had previously closed at $24.47.

Unlimited HFND Multi-Strategy Return Tracker ETF Stock Performance

The firm has a market capitalization of $36.27 million, a PE ratio of 17.86 and a beta of 0.48. The firm’s 50-day moving average is $24.43 and its 200 day moving average is $24.11.

Institutional Trading of Unlimited HFND Multi-Strategy Return Tracker ETF

An institutional investor recently bought a new position in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Compass Financial Management LLC acquired a new position in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFNDFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,104 shares of the company’s stock, valued at approximately $101,000. Compass Financial Management LLC owned approximately 0.28% 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

(Get Free Report)

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.

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