Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Share Price Break Below Fifty Day Moving Average – Here’s Why

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) passed below its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $21.96 and traded as low as $21.73. Strategy Shares Nasdaq 7HANDL Index ETF shares last traded at $21.88, with a volume of 103,309 shares traded.

Strategy Shares Nasdaq 7HANDL Index ETF Trading Down 0.5%

The stock has a market capitalization of $637.15 million, a PE ratio of 24.18 and a beta of 0.74. The company’s 50 day simple moving average is $21.96 and its 200 day simple moving average is $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, October 13th were issued a dividend of $0.1278 per share. This represents a $1.53 annualized dividend and a dividend yield of 7.0%. This is a negative change from Strategy Shares Nasdaq 7HANDL Index ETF’s previous monthly dividend of $0.1291. The ex-dividend date was Tuesday, October 13th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC increased its stake in Strategy Shares Nasdaq 7HANDL Index ETF by 1,053.3% in the first quarter. Kestra Advisory Services LLC now owns 136,899 shares of the company’s stock valued at $2,990,000 after purchasing an additional 125,029 shares during the last quarter. Private Advisor Group LLC lifted its position in Strategy Shares Nasdaq 7HANDL Index ETF by 510.3% during the third quarter. Private Advisor Group LLC now owns 104,441 shares of the company’s stock worth $2,251,000 after buying an additional 87,329 shares during the period. Independent Financial Group LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter worth about $254,000. Sanctuary Advisors LLC boosted its stake in 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. Finally, Citadel Advisors LLC acquired a new stake in Strategy Shares Nasdaq 7HANDL Index ETF in the 2nd quarter worth about $202,000.

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.