Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Trading 0.2% Higher – Still a Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND)’s stock price rose 0.2% during mid-day trading on Monday . The company traded as high as $23.71 and last traded at $23.71. Approximately 4,832 shares were traded during trading, a decline of 67% from the average daily volume of 14,645 shares. The stock had previously closed at $23.67.

Unlimited HFND Multi-Strategy Return Tracker ETF Stock Up 0.2%

The company has a market cap of $32.01 million, a price-to-earnings ratio of 17.86 and a beta of 0.50. The firm has a 50-day simple moving average of $23.43 and a 200 day simple moving average of $23.52.

Unlimited HFND Multi-Strategy Return Tracker ETF Dividend Announcement

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

Institutional Trading of 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 increased its holdings in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) 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 5.25% of Unlimited HFND Multi-Strategy Return Tracker ETF worth $1,674,000 as of its most recent SEC filing.

About Unlimited HFND Multi-Strategy Return Tracker ETF

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.