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

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,913 shares, a drop of 41.7% from the July 15th total of 30,736 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 48,058 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

A number of institutional investors have recently made changes to their positions in HNDL. Arkadios Wealth Advisors boosted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 3.6% during the fourth quarter. Arkadios Wealth Advisors now owns 14,196 shares of the company’s stock valued at $313,000 after purchasing an additional 497 shares during the last quarter. Beam Wealth Advisors Inc. lifted its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.0% during the 1st quarter. Beam Wealth Advisors Inc. now owns 24,188 shares of the company’s stock valued at $528,000 after buying an additional 705 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter valued at about $25,000. Geneos Wealth Management Inc. grew its stake in shares of 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 valued at $28,000 after buying an additional 1,200 shares in the last quarter. Finally, Bank of America Corp DE bought a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter valued at approximately $32,000.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

Shares of NASDAQ HNDL traded up $0.08 during midday trading on Wednesday, reaching $22.74. 30,129 shares of the company traded hands, compared to its average volume of 67,049. The company has a market cap of $638.08 million, a price-to-earnings ratio of 24.18 and a beta of 0.73. The stock has a 50-day moving average price of $22.70 and a 200 day moving average price of $22.55. Strategy Shares Nasdaq 7HANDL Index ETF has a 52 week low of $21.50 and a 52 week high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 14th. Shareholders of record on Thursday, August 13th were paid a dividend of $0.1324 per share. The ex-dividend date of this dividend was Thursday, August 13th. This represents a c) annualized dividend and a yield of 7.0%.

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.