Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Hits New 1-Year Low – Here’s What Happened

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares hit a new 52-week low during trading on Monday. The company traded as low as $21.35 and last traded at $21.6560, with a volume of 1461 shares changing hands. The stock had previously closed at $21.67.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The stock has a fifty day moving average of $22.32 and a 200 day moving average of $22.48. The firm has a market capitalization of $630.72 million, a P/E ratio of 24.18 and a beta of 0.74.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, September 14th were given a dividend of $0.1291 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.55 annualized dividend and a dividend yield of 7.1%. This is a drop from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324.

Hedge Funds Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC grew its position in 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 valued at $2,990,000 after buying an additional 125,029 shares during the period. NFSG Corp raised its position in 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 worth $2,303,000 after acquiring an additional 1,709 shares during the period. OxenFree Capital LLC raised its position in 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 worth $1,227,000 after acquiring an additional 3,744 shares during the period. RFG Advisory LLC raised its position in Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% in the second quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock worth $1,093,000 after acquiring an additional 4,594 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% in the first quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock valued at $1,037,000 after acquiring an additional 10,096 shares during the last quarter.

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.