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

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 23,554 shares, a drop of 53.5% from the August 15th total of 50,627 shares. Based on an average daily trading 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.

Institutional Investors Weigh In On Unlimited HFND Multi-Strategy Return Tracker ETF

An institutional investor recently bought a new position in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Osbon Capital Management LLC purchased a new stake in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,168 shares of the company’s stock, valued at approximately $26,000. Osbon Capital Management LLC owned 0.09% of Unlimited HFND Multi-Strategy Return Tracker ETF as of its most recent SEC filing.

Unlimited HFND Multi-Strategy Return Tracker ETF Price Performance

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

About Unlimited HFND Multi-Strategy Return Tracker ETF

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.