Short Interest in Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Drops By 87.8%

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 5,794 shares, a decline of 87.8% from the May 14th total of 47,572 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 72,094 shares, the days-to-cover ratio is presently 0.1 days.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Down 0.3%

NASDAQ:HNDL traded down $0.07 during trading hours on Wednesday, hitting $22.57. 36,258 shares of the stock were exchanged, compared to its average volume of 70,764. Strategy Shares Nasdaq 7HANDL Index ETF has a 52-week low of $21.06 and a 52-week high of $23.00. The firm’s fifty day moving average price is $22.56 and its 200 day moving average price is $22.34. The company has a market cap of $639.41 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, May 14th. Shareholders of record on Wednesday, May 13th were paid a dividend of $0.1336 per share. This is an increase from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13. The ex-dividend date was Wednesday, May 13th. This represents a c) annualized dividend and a yield of 7.1%.

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

Large investors have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. increased its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1,200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,300 shares of the company’s stock worth $28,000 after buying an additional 1,200 shares in the last quarter. Bank of America Corp DE purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $32,000. PNC Financial Services Group Inc. purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth approximately $35,000. Finally, Raymond James Financial Inc. purchased a new stake in Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter worth approximately $172,000.

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.