Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Short Interest Update

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totalling 31,500 shares, a decline of 37.5% from the September 15th total of 50,400 shares. Based on an average daily volume of 87,400 shares, the short-interest ratio is presently 0.4 days.

Strategy Shares NASDAQ 7 HANDL ETF Stock Up 0.3 %

Shares of HNDL stock traded up $0.07 during mid-day trading on Monday, hitting $22.05. 57,342 shares of the stock were exchanged, compared to its average volume of 97,068. Strategy Shares NASDAQ 7 HANDL ETF has a 52-week low of $18.30 and a 52-week high of $22.34. The company has a market cap of $804.83 million, a PE ratio of 19.76 and a beta of 0.57. The firm has a fifty day moving average of $21.87 and a 200 day moving average of $21.25.

Strategy Shares NASDAQ 7 HANDL ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, October 11th will be issued a $0.1288 dividend. This is a positive change from Strategy Shares NASDAQ 7 HANDL ETF’s previous monthly dividend of $0.13. This represents a $1.55 annualized dividend and a yield of 7.01%. The ex-dividend date of this dividend is Friday, October 11th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HNDL. Cetera Investment Advisers lifted its stake in Strategy Shares NASDAQ 7 HANDL ETF by 160.8% in the 1st quarter. Cetera Investment Advisers now owns 184,528 shares of the company’s stock valued at $3,914,000 after buying an additional 113,777 shares in the last quarter. Advisory Alpha LLC boosted its stake in shares of 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 worth $294,000 after acquiring an additional 788 shares during the last quarter. Key Client Fiduciary Advisors LLC increased its position in shares of Strategy Shares NASDAQ 7 HANDL ETF by 9.9% during the first quarter. Key Client Fiduciary Advisors LLC now owns 18,029 shares of the company’s stock worth $382,000 after purchasing an additional 1,628 shares in the last quarter. Strategic Financial Concepts LLC raised its stake in Strategy Shares NASDAQ 7 HANDL ETF by 341.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 41,861 shares of the company’s stock valued at $884,000 after purchasing an additional 32,371 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in Strategy Shares NASDAQ 7 HANDL ETF by 25.4% in the 4th quarter. Virtu Financial LLC now owns 28,275 shares of the company’s stock valued at $585,000 after purchasing an additional 5,735 shares in the last quarter.

About Strategy Shares NASDAQ 7 HANDL 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.