Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) Shares Up 0.2% – Here’s What Happened

Shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) rose 0.2% on Friday . The stock traded as high as $24.52 and last traded at $24.5090. 2,767 shares traded hands during trading, a decline of 76% from the average daily volume of 11,412 shares. The stock had previously closed at $24.47.

Unlimited HFND Multi-Strategy Return Tracker ETF Stock Up 0.2%

The firm has a 50 day moving average of $24.43 and a two-hundred day moving average of $24.11. The firm has a market capitalization of $36.27 million, a price-to-earnings ratio of 17.86 and a beta of 0.48.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Compass Financial Management LLC purchased a new stake in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE:HFND) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,104 shares of the company’s stock, valued at approximately $101,000. Compass Financial Management LLC owned about 0.28% of Unlimited HFND Multi-Strategy Return Tracker ETF at the end of the most recent quarter.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

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.