Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) Sees Strong Trading Volume – Time to Buy?

Strategy Shares Nasdaq 7HANDL Index ETF (NASDAQ:HNDL) saw an uptick in trading volume on Friday. 85,082 shares traded hands during trading, an increase of 3% from the average daily volume of 82,790 shares. The stock last traded at $21.67 and had previously closed at $21.78.

Strategy Shares Nasdaq 7HANDL Index ETF Stock Down 0.4%

The firm has a market capitalization of $631.90 million, a price-to-earnings ratio of 24.18 and a beta of 0.74. The business’s 50-day simple moving average is $21.94 and its two-hundred day simple moving average is $22.39.

Strategy Shares Nasdaq 7HANDL Index ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 13th. Investors of record on Thursday, November 12th will be given a dividend of $0.1274 per share. The ex-dividend date of this dividend is Thursday, November 12th.

Institutional Trading of Strategy Shares Nasdaq 7HANDL Index ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC lifted its stake in 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 worth $2,990,000 after purchasing an additional 125,029 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Strategy Shares Nasdaq 7HANDL Index ETF by 510.3% in the 3rd quarter. Private Advisor Group LLC now owns 104,441 shares of the company’s stock valued at $2,251,000 after buying an additional 87,329 shares during the period. Independent Financial Group LLC purchased a new stake in shares of Strategy Shares Nasdaq 7HANDL Index ETF in the 1st quarter valued at $254,000. Sanctuary Advisors LLC raised its holdings 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 valued at $1,037,000 after buying an additional 10,096 shares during the period. Finally, Citadel Advisors LLC acquired a new position in Strategy Shares Nasdaq 7HANDL Index ETF during 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.