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

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) shares hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $21.51 and last traded at $21.55, with a volume of 69372 shares traded. The stock had previously closed at $21.63.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.0%

The company has a market capitalization of $620.64 million, a PE ratio of 24.18 and a beta of 0.73. The firm’s 50 day simple moving average is $22.38 and its 200 day simple moving average is $22.49.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, September 14th were paid a dividend of $0.1291 per share. The ex-dividend date of this dividend was Monday, September 14th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.2%. This is a drop from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1324.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. RFG Advisory LLC boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 10.6% during the second quarter. RFG Advisory LLC now owns 47,859 shares of the company’s stock valued at $1,093,000 after buying an additional 4,594 shares during the period. Citadel Advisors LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth approximately $202,000. Ameritas Advisory Services LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth approximately $47,000. Asset Allocation Strategies LLC lifted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.1% during the 2nd quarter. Asset Allocation Strategies LLC now owns 16,960 shares of the company’s stock worth $387,000 after acquiring an additional 662 shares during the last quarter. Finally, OxenFree Capital LLC lifted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 7.5% during the 2nd 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 last quarter.

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.