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

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 25,000 shares, an increase of 316.7% from the February 28th total of 6,000 shares. Based on an average daily trading volume, of 91,000 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Strategy Shares NASDAQ 7 HANDL ETF

A number of institutional investors have recently bought and sold shares of HNDL. HighTower Advisors LLC boosted its position in shares of Strategy Shares NASDAQ 7 HANDL ETF by 3.4% during the third quarter. HighTower Advisors LLC now owns 21,697 shares of the company’s stock worth $481,000 after acquiring an additional 722 shares during the last quarter. MML Investors Services LLC boosted its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 1.3% during the 4th quarter. MML Investors Services LLC now owns 67,703 shares of the company’s stock valued at $1,444,000 after purchasing an additional 852 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Strategy Shares NASDAQ 7 HANDL ETF during the third quarter valued at about $36,000. Tower Research Capital LLC TRC increased its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 350.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,160 shares of the company’s stock worth $46,000 after purchasing an additional 1,681 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of Strategy Shares NASDAQ 7 HANDL ETF by 28.3% in the fourth quarter. Allworth Financial LP now owns 8,127 shares of the company’s stock worth $176,000 after buying an additional 1,792 shares in the last quarter.

Strategy Shares NASDAQ 7 HANDL ETF Stock Performance

Shares of NASDAQ HNDL traded down $0.08 during midday trading on Thursday, hitting $21.07. 16,689 shares of the company’s stock traded hands, compared to its average volume of 86,973. The firm has a fifty day moving average of $21.49 and a 200 day moving average of $21.75. Strategy Shares NASDAQ 7 HANDL ETF has a 1 year low of $20.01 and a 1 year high of $22.44. The stock has a market capitalization of $725.90 million, a price-to-earnings ratio of 24.17 and a beta of 0.57.

Strategy Shares NASDAQ 7 HANDL ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, March 13th were paid a $0.1223 dividend. The ex-dividend date of this dividend was Thursday, March 13th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 6.97%.

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.