Farther Finance Advisors LLC Cuts Stock Position in Unlimited HFND Multi-Strategy Return Tracker ETF $HFND

Farther Finance Advisors LLC lessened its holdings in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) by 67.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,856 shares of the company’s stock after selling 48,056 shares during the period. Farther Finance Advisors LLC owned about 1.73% of Unlimited HFND Multi-Strategy Return Tracker ETF worth $515,000 as of its most recent SEC filing.

Separately, Miller Global Investments LLC purchased a new position in shares of Unlimited HFND Multi-Strategy Return Tracker ETF in the 4th quarter valued at $2,695,000.

Unlimited HFND Multi-Strategy Return Tracker ETF Stock Performance

Shares of HFND stock opened at $24.08 on Monday. The company’s fifty day simple moving average is $23.60 and its 200-day simple moving average is $23.57. Unlimited HFND Multi-Strategy Return Tracker ETF has a 52 week low of $19.75 and a 52 week high of $24.34. The company has a market cap of $31.79 million, a PE ratio of 17.86 and a beta of 0.51.

Unlimited HFND Multi-Strategy Return Tracker ETF Company Profile

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.