Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) Sees Significant Drop in Short Interest

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 23,554 shares, a decrease of 53.5% from the August 15th total of 50,627 shares. Based on an average daily volume of 6,431 shares, the short-interest ratio is presently 3.7 days. Currently, 1.6% of the company’s shares are sold short.

Unlimited HFND Multi-Strategy Return Tracker ETF Price Performance

Shares of NYSE:HFND opened at $24.31 on Monday. Unlimited HFND Multi-Strategy Return Tracker ETF has a one year low of $22.33 and a one year high of $24.81. The company has a 50 day moving average of $24.43 and a 200-day moving average of $24.13. The stock has a market cap of $35.98 million, a price-to-earnings ratio of 17.86 and a beta of 0.48.

Institutional Trading of Unlimited HFND Multi-Strategy Return Tracker ETF

A hedge fund recently bought a new position in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Compass Financial Management LLC purchased a new stake in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,104 shares of the company’s stock, valued at approximately $101,000. Compass Financial Management LLC owned 0.28% of Unlimited HFND Multi-Strategy Return Tracker ETF as of its most recent SEC filing.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

The Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund that seeks to outperform the hedge fund industry by taking long and short positions in broad-based ETFs and futures contracts. The fund attempts to build a portfolio with similar return characteristics to the hedge fund industry gross of fees returns. HFND was launched on Oct 10, 2022 and is managed by Tidal ETFs.