Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Down 87.8% in May

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,794 shares, a drop of 87.8% from the May 14th total of 47,572 shares. Based on an average trading volume of 72,094 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.3%

HNDL traded up $0.06 during trading hours on Tuesday, hitting $22.64. The stock had a trading volume of 62,222 shares, compared to its average volume of 71,088. The company’s fifty day simple moving average is $22.54 and its 200 day simple moving average is $22.34. Strategy Shares Nasdaq 7HANDL Index ETF has a 1 year low of $21.06 and a 1 year high of $23.00. The stock has a market cap of $641.39 million, a PE ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.1336 per share. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Wednesday, May 13th. This is a boost from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. grew its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock valued at $28,000 after buying an additional 1,200 shares in the last quarter. Bank of America Corp DE purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at about $32,000. PNC Financial Services Group Inc. purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at about $35,000. Finally, Raymond James Financial Inc. purchased a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at about $172,000.

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.