Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Sees Large Volume Increase – Here’s Why

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) saw unusually-high trading volume on Friday . Approximately 88,110 shares traded hands during trading, a decline of 0% from the previous session’s volume of 88,552 shares.The stock last traded at $20.81 and had previously closed at $20.70.

Strategy Shares NASDAQ 7 HANDL ETF Stock Performance

The stock’s 50-day simple moving average is $21.51 and its 200 day simple moving average is $21.79. The company has a market capitalization of $698.10 million, a PE ratio of 24.17 and a beta of 0.68.

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 issued 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 7.03%.

Institutional Investors Weigh In On Strategy Shares NASDAQ 7 HANDL ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HNDL. Retireful LLC acquired a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF in the 3rd quarter valued at $1,892,000. Larson Financial Group LLC raised its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 13.5% in the 3rd 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. HighTower Advisors LLC raised its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 3.4% in the 3rd 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. Jane Street Group LLC raised its stake in Strategy Shares NASDAQ 7 HANDL ETF by 19.9% during the 3rd quarter. Jane Street Group LLC now owns 49,128 shares of the company’s stock worth $1,093,000 after acquiring an additional 8,145 shares in the last quarter. Finally, MML Investors Services LLC grew its position in Strategy Shares NASDAQ 7 HANDL ETF by 7.4% during the 3rd quarter. MML Investors Services LLC now owns 66,851 shares of the company’s stock worth $1,487,000 after purchasing an additional 4,582 shares during the last quarter.

Strategy Shares NASDAQ 7 HANDL ETF Company Profile

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.