Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Share Price Break Below Fifty Day Moving Average – Here’s Why

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL)’s share price crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $21.96 and traded as low as $21.73. Strategy Shares Nasdaq 7HANDL Index ETF shares last traded at $21.88, with a volume of 103,309 shares.

Strategy Shares Nasdaq 7HANDL Index ETF Price Performance

The company has a market cap of $637.15 million, a PE ratio of 24.18 and a beta of 0.74. The firm has a 50-day simple moving average of $21.96 and a two-hundred day simple moving average of $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, October 13th were paid a dividend of $0.1278 per share. The ex-dividend date of this dividend was Tuesday, October 13th. This is a decrease from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291. This represents a $1.53 dividend on an annualized basis and a dividend yield of 7.0%.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC lifted its holdings in Strategy Shares Nasdaq 7HANDL Index ETF by 130.0% in the 3rd quarter. Kestra Advisory Services LLC now owns 161,895 shares of the company’s stock valued at $3,489,000 after purchasing an additional 91,496 shares in the last quarter. NFSG Corp boosted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 4.6% during the 3rd quarter. NFSG Corp now owns 111,325 shares of the company’s stock worth $2,399,000 after purchasing an additional 4,907 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 510.3% during the 3rd quarter. Private Advisor Group LLC now owns 104,441 shares of the company’s stock worth $2,251,000 after purchasing an additional 87,329 shares during the last quarter. OxenFree Capital LLC grew its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 7.5% during the second quarter. OxenFree Capital LLC now owns 53,708 shares of the company’s stock worth $1,227,000 after buying an additional 3,744 shares in the last quarter. Finally, RFG Advisory LLC grew its holdings 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 worth $1,093,000 after buying an additional 4,594 shares in 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.