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

Strategy Shares NASDAQ 7 HANDL ETF (NASDAQ:HNDL) shares saw an uptick in trading volume on Friday . 88,110 shares were traded 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 Price Performance

The stock’s fifty day simple moving average is $21.51 and its two-hundred day simple moving average is $21.79. The company has a market capitalization of $698.10 million, a price-to-earnings 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. Investors of record on Thursday, March 13th were issued a $0.1223 dividend. The ex-dividend date was Thursday, March 13th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.03%.

Institutional Trading of Strategy Shares NASDAQ 7 HANDL ETF

A number of large investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF in the 4th quarter worth about $9,706,000. Newbridge Financial Services Group Inc. increased its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 15.9% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 94,117 shares of the company’s stock worth $2,008,000 after acquiring an additional 12,935 shares during the period. Retireful LLC acquired a new stake in shares of Strategy Shares NASDAQ 7 HANDL ETF in the 3rd quarter worth about $1,892,000. MML Investors Services LLC increased its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 1.3% in the 4th quarter. MML Investors Services LLC now owns 67,703 shares of the company’s stock worth $1,444,000 after acquiring an additional 852 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Strategy Shares NASDAQ 7 HANDL ETF by 19.9% in 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 during the period.

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.