Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Shares Shorted: Short Interest Up 111.6% in October

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 138,738 shares, an increase of 111.6% from the September 30th total of 65,575 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 118,329 shares, the short-interest ratio is presently 1.2 days.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Strategy Shares Nasdaq 7HANDL Index ETF stock traded down $0.11 during mid-day trading on Friday, reaching $22.06. 131,262 shares of the company were exchanged, compared to its average volume of 79,952. The firm has a market cap of $637.31 million, a PE ratio of 24.18 and a beta of 0.74. The firm’s 50-day simple moving average is $22.06 and its two-hundred day simple moving average is $22.40. Strategy Shares Nasdaq 7HANDL Index ETF has a twelve month low of $21.36 and a twelve month high of $23.00.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, October 13th were issued a $0.1278 dividend. The ex-dividend date was Tuesday, October 13th. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.9%. This is a decrease from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291.

Institutional Investors Weigh In On Strategy Shares Nasdaq 7HANDL Index ETF

A number of institutional investors have recently bought and sold shares of HNDL. Kestra Advisory Services LLC increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock worth $2,990,000 after acquiring an additional 125,029 shares in the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at approximately $312,000. Independent Financial Group LLC bought a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter valued at about $254,000. Sanctuary Advisors LLC increased its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% during 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 period. Finally, Citadel Advisors LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the second quarter worth about $202,000.

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.