Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Trading 0.4% Higher – Still a Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFNDGet Free Report)’s share price shot up 0.4% during mid-day trading on Thursday . The company traded as high as $23.54 and last traded at $23.42. 14,293 shares were traded during trading, a decline of 40% from the average session volume of 23,885 shares. The stock had previously closed at $23.33.

Unlimited HFND Multi-Strategy Return Tracker ETF Trading Up 0.4%

The stock’s 50-day moving average is $23.37 and its 200-day moving average is $23.24. The stock has a market cap of $30.91 million, a P/E ratio of 17.86 and a beta of 0.50.

Unlimited HFND Multi-Strategy Return Tracker ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a $1.1454 dividend. This represents a dividend yield of 506.0%. The ex-dividend date was Wednesday, December 24th.

Institutional Investors Weigh In On Unlimited HFND Multi-Strategy Return Tracker ETF

A hedge fund recently raised its stake in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Farther Finance Advisors LLC raised its stake in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFNDFree Report) by 8,060.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,912 shares of the company’s stock after purchasing an additional 70,043 shares during the period. Farther Finance Advisors LLC owned approximately 5.25% of Unlimited HFND Multi-Strategy Return Tracker ETF worth $1,674,000 as of its most recent SEC filing.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

(Get Free Report)

The Unlimited HFND Multi-Strategy Return Tracker ETF (HFND) is an exchange-traded fund that mostly invests in multi-strategy alternatives. The fund is an actively managed fund that seeks to outperform the hedge fund industry by taking long and short positions in broad-based ETFs and futures contracts. The fund attempts to build a portfolio with similar return characteristics to the hedge fund industry gross of fees returns. HFND was launched on Oct 10, 2022 and is managed by Tidal ETFs.

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