Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Sees Large Drop in Short Interest

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) was the recipient of a significant decline in short interest in January. As of January 31st, there was short interest totalling 1,100 shares, a decline of 95.8% from the January 15th total of 26,100 shares. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is presently 0.0 days.

Strategy Shares NASDAQ 7 HANDL ETF Trading Down 0.7 %

NASDAQ:HNDL opened at $21.63 on Thursday. The company has a 50-day moving average of $21.63 and a 200-day moving average of $21.79. The firm has a market cap of $745.15 million, a price-to-earnings ratio of 19.76 and a beta of 0.57. Strategy Shares NASDAQ 7 HANDL ETF has a twelve month low of $20.01 and a twelve month high of $22.44.

Strategy Shares NASDAQ 7 HANDL ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HNDL. Wilmington Savings Fund Society FSB acquired a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF during the 3rd quarter valued at $36,000. IMG Wealth Management Inc. purchased a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF during the fourth quarter valued at $104,000. Allworth Financial LP lifted its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 28.3% during the fourth quarter. Allworth Financial LP now owns 8,127 shares of the company’s stock valued at $176,000 after purchasing an additional 1,792 shares during the last quarter. Consolidated Portfolio Review Corp acquired a new position in shares of Strategy Shares NASDAQ 7 HANDL ETF in the 3rd quarter valued at $206,000. Finally, New Century Financial Group LLC purchased a new position in Strategy Shares NASDAQ 7 HANDL ETF in the 4th quarter worth about $313,000.

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.