Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Shares Down 0.3% – What’s Next?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND)’s share price was down 0.3% on Thursday . The stock traded as low as $24.25 and last traded at $24.25. 3,247 shares traded hands during trading, a decline of 74% from the average daily volume of 12,505 shares. The stock had previously closed at $24.32.

Unlimited HFND Multi-Strategy Return Tracker ETF Trading Down 0.3%

The firm has a market capitalization of $34.19 million, a P/E ratio of 17.86 and a beta of 0.48. The stock’s 50-day simple moving average is $24.36 and its 200-day simple moving average is $23.87.

Hedge Funds Weigh In On Unlimited HFND Multi-Strategy Return Tracker ETF

A hedge fund recently bought a new stake in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Osbon Capital Management LLC purchased a new stake in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,168 shares of the company’s stock, valued at approximately $26,000. Osbon Capital Management LLC owned about 0.09% of Unlimited HFND Multi-Strategy Return Tracker ETF at the end of the most recent quarter.

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.