Short Interest in Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) Expands By 316.7%

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) saw 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 trading volume of 91,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Strategy Shares NASDAQ 7 HANDL ETF Trading Down 0.4 %

Strategy Shares NASDAQ 7 HANDL ETF stock traded down $0.08 during mid-day trading on Thursday, hitting $21.07. The company had a trading volume of 16,689 shares, compared to its average volume of 86,973. The company has a market capitalization of $725.90 million, a price-to-earnings ratio of 24.17 and a beta of 0.57. The company’s fifty day moving average is $21.49 and its 200-day moving average is $21.75. Strategy Shares NASDAQ 7 HANDL ETF has a 12-month low of $20.01 and a 12-month high of $22.44.

Strategy Shares NASDAQ 7 HANDL ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, March 14th. Investors of record on Thursday, March 13th were given a dividend of $0.1223 per share. The ex-dividend date was Thursday, March 13th. This represents a $1.47 annualized dividend and a yield of 6.97%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new position in shares of Strategy Shares NASDAQ 7 HANDL ETF during the 4th quarter worth approximately $9,706,000. Newbridge Financial Services Group Inc. lifted its position in Strategy Shares NASDAQ 7 HANDL ETF by 15.9% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 94,117 shares of the company’s stock worth $2,008,000 after buying an additional 12,935 shares in the last quarter. MML Investors Services LLC boosted its position 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 acquiring an additional 852 shares during the last quarter. Jane Street Group LLC raised its position in shares of 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 valued at $1,093,000 after buying an additional 8,145 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Strategy Shares NASDAQ 7 HANDL ETF by 9.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 42,277 shares of the company’s stock worth $902,000 after acquiring an additional 3,670 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.