Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Short Interest Up 69.5% in August

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 107,229 shares, a growth of 69.5% from the August 15th total of 63,271 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 102,797 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Large investors have recently added to or reduced their stakes in the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the second quarter worth about $47,000. Citadel Advisors LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 2nd quarter valued at about $202,000. Independent Financial Group LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter valued at about $254,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 1st quarter worth approximately $312,000. Finally, Wellington Shields & Co. LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during the 4th quarter worth approximately $337,000.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Performance

NASDAQ HNDL traded up $0.19 during trading hours on Thursday, hitting $22.01. 147,459 shares of the company’s stock were exchanged, compared to its average volume of 73,686. The business’s 50 day moving average is $22.56 and its 200-day moving average is $22.54. Strategy Shares Nasdaq 7HANDL Index ETF has a 12-month low of $21.53 and a 12-month high of $23.00. The firm has a market capitalization of $629.82 million, a P/E ratio of 24.18 and a beta of 0.73.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, September 14th were paid a dividend of $0.1292 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date was Monday, September 14th.

About Strategy Shares Nasdaq 7HANDL Index ETF

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.