Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Down 77.5% in June

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 4,329 shares, a drop of 77.5% from the June 15th total of 19,210 shares. Based on an average daily volume of 47,808 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Institutional investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in 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 purchasing an additional 1,200 shares in the last quarter. Bank of America Corp DE acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth $32,000. PNC Financial Services Group Inc. acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth $35,000. Finally, Raymond James Financial Inc. acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth $172,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

Shares of HNDL stock traded up $0.01 on Friday, reaching $22.85. 36,156 shares of the company were exchanged, compared to its average volume of 68,056. Strategy Shares Nasdaq 7HANDL Index ETF has a 1 year low of $21.32 and a 1 year high of $23.00. The business has a 50-day moving average price of $22.78 and a 200 day moving average price of $22.45. The company has a market cap of $640.49 million, a price-to-earnings ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, June 12th. Shareholders of record on Thursday, June 11th were issued a dividend of $0.1323 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

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.