Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Large Increase in Short Interest

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 30,736 shares, an increase of 610.0% from the June 30th total of 4,329 shares. Based on an average trading volume of 47,817 shares, the short-interest ratio is currently 0.6 days. Currently, 0.1% of the shares of the stock are short sold.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Up 0.3%

NASDAQ HNDL traded up $0.06 on Friday, hitting $22.56. The company’s stock had a trading volume of 30,278 shares, compared to its average volume of 67,091. The firm has a market cap of $632.36 million, a PE ratio of 24.18 and a beta of 0.73. Strategy Shares Nasdaq 7HANDL Index ETF has a 1-year low of $21.50 and a 1-year high of $23.00. The company’s 50-day moving average is $22.75 and its 200 day moving average is $22.49.

Strategy Shares Nasdaq 7HANDL Index ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, July 14th were given a $0.1334 dividend. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date of this dividend was Tuesday, July 14th. This is a positive change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC boosted its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% during the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock valued at $2,990,000 after buying an additional 125,029 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 27.0% in the 1st quarter. Sanctuary Advisors LLC now owns 47,466 shares of the company’s stock worth $1,037,000 after buying an additional 10,096 shares during the last quarter. Beam Wealth Advisors Inc. grew its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 3.0% in the first quarter. Beam Wealth Advisors Inc. now owns 24,188 shares of the company’s stock valued at $528,000 after acquiring an additional 705 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the first quarter valued at approximately $312,000. Finally, OxenFree Capital LLC increased its position in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 13.6% during the first quarter. OxenFree Capital LLC now owns 49,964 shares of the company’s stock valued at $1,118,000 after acquiring an additional 5,975 shares during 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.