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 growth in short interest in the month of March. As of March 15th, there was short interest totalling 25,000 shares, a growth of 316.7% from the February 28th total of 6,000 shares. Based on an average daily volume of 91,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Strategy Shares NASDAQ 7 HANDL ETF Trading Down 0.4 %

HNDL opened at $20.99 on Friday. Strategy Shares NASDAQ 7 HANDL ETF has a twelve month low of $20.01 and a twelve month high of $22.44. The firm has a market cap of $723.11 million, a price-to-earnings ratio of 24.17 and a beta of 0.57. The company has a fifty day simple moving average of $21.47 and a 200 day simple moving average of $21.74.

Strategy Shares NASDAQ 7 HANDL ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 14th. Stockholders of record on Thursday, March 13th were paid a dividend of $0.1223 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.47 annualized dividend and a dividend yield of 6.99%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HNDL. HighTower Advisors LLC increased its holdings in Strategy Shares NASDAQ 7 HANDL ETF by 3.4% during the 3rd quarter. HighTower Advisors LLC now owns 21,697 shares of the company’s stock worth $481,000 after purchasing an additional 722 shares during the last quarter. Jane Street Group LLC grew its position in shares of Strategy Shares NASDAQ 7 HANDL ETF by 19.9% during the third quarter. Jane Street Group LLC now owns 49,128 shares of the company’s stock worth $1,093,000 after buying an additional 8,145 shares in the last quarter. MML Investors Services LLC increased its stake in shares of Strategy Shares NASDAQ 7 HANDL ETF by 7.4% in the third quarter. MML Investors Services LLC now owns 66,851 shares of the company’s stock worth $1,487,000 after buying an additional 4,582 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF in the third quarter worth $36,000. Finally, New Century Financial Group LLC acquired a new stake in Strategy Shares NASDAQ 7 HANDL ETF in the fourth quarter valued at $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.