Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Short Interest Down 64.4% in October

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 11,200 shares, a drop of 64.4% from the September 30th total of 31,500 shares. Based on an average daily trading volume, of 82,500 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Strategy Shares NASDAQ 7 HANDL ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF in the second quarter valued at $156,000. Consolidated Portfolio Review Corp acquired a new position in Strategy Shares NASDAQ 7 HANDL ETF in the third quarter valued at $206,000. Arkadios Wealth Advisors acquired a new position in Strategy Shares NASDAQ 7 HANDL ETF in the second quarter valued at $214,000. Advisory Alpha LLC increased its stake in Strategy Shares NASDAQ 7 HANDL ETF by 6.0% in the first quarter. Advisory Alpha LLC now owns 13,872 shares of the company’s stock valued at $294,000 after purchasing an additional 788 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Strategy Shares NASDAQ 7 HANDL ETF by 6.0% in the first quarter. Wealthcare Advisory Partners LLC now owns 14,042 shares of the company’s stock valued at $298,000 after purchasing an additional 798 shares during the last quarter.

Strategy Shares NASDAQ 7 HANDL ETF Stock Performance

HNDL stock traded down $0.11 during midday trading on Friday, hitting $21.76. 61,746 shares of the stock were exchanged, compared to its average volume of 96,306. The stock’s 50-day moving average price is $22.01 and its 200-day moving average price is $21.31. The stock has a market cap of $788.80 million, a price-to-earnings ratio of 19.76 and a beta of 0.57. Strategy Shares NASDAQ 7 HANDL ETF has a fifty-two week low of $18.30 and a fifty-two week high of $22.34.

Strategy Shares NASDAQ 7 HANDL ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, October 11th were issued a $0.1288 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 7.10%. This is a boost from Strategy Shares NASDAQ 7 HANDL ETF’s previous monthly dividend of $0.13. The ex-dividend date of this dividend was Friday, October 11th.

Strategy Shares NASDAQ 7 HANDL 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.