Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Sees Significant Increase in Short Interest

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 12,300 shares, an increase of 78.3% from the December 15th total of 6,900 shares. Based on an average trading volume of 85,400 shares, the short-interest ratio is presently 0.1 days.

Strategy Shares NASDAQ 7 HANDL ETF Stock Performance

Shares of NASDAQ:HNDL opened at $21.54 on Friday. The firm has a 50 day simple moving average of $21.77 and a 200 day simple moving average of $21.74. Strategy Shares NASDAQ 7 HANDL ETF has a 52 week low of $20.01 and a 52 week high of $22.44. The company has a market cap of $746.36 million, a PE ratio of 19.76 and a beta of 0.57.

Strategy Shares NASDAQ 7 HANDL ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, January 14th were given a $0.1232 dividend. The ex-dividend date was Tuesday, January 14th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HNDL. Wilmington Savings Fund Society FSB acquired a new stake in Strategy Shares NASDAQ 7 HANDL ETF during the 3rd quarter worth about $36,000. Consolidated Portfolio Review Corp acquired a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF during the third quarter worth approximately $206,000. HighTower Advisors LLC grew its position in 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 valued at $481,000 after purchasing an additional 722 shares in the last quarter. Larson Financial Group LLC grew its position in Strategy Shares NASDAQ 7 HANDL ETF by 13.5% during the third quarter. Larson Financial Group LLC now owns 39,635 shares of the company’s stock valued at $882,000 after purchasing an additional 4,710 shares in the last quarter. Finally, OxenFree Capital LLC increased its stake in Strategy Shares NASDAQ 7 HANDL ETF by 8.7% in the 3rd quarter. OxenFree Capital LLC now owns 49,099 shares of the company’s stock valued at $1,092,000 after buying an additional 3,935 shares during the period.

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.