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The fund seeks to create a portfolio with return characteristics similar to the hedge fund industry's gross of fees returns, and believes the fund may outperform the hedge fund industry net of fees returns by charging comparatively lower expenses. The fund does this by using a proprietary machine learning algorithm to create a portfolio which best matches the most recent month's returns of each major hedge fund style (such as long/short equity, global macro, event-driven, fixed income arbitrage, emerging markets, managed futures, and multi-strategy). The fund then aggregates these portfolios based on the relative asset levels in each hedge fund style into a total hedge fund industry model. The fund's investment portfolio generally consists of long and short positions in 30 to 50 Underlying ETFs and futures contracts.
Unlimited Hfnd Multi-Strategy Return Tracker ETF trades on the ARCA stock market under the symbol HFND.
As of February 4, 2026, HFND stock price climbed to $23.56 with 737 million shares trading.
HFND has a beta of 0.51, meaning it tends to be less sensitive to market movements. HFND has a correlation of 0.79 to the broad based SPY ETF.
HFND has a market cap of $31.81 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, HFND traded as high as $24.52 and as low as $19.34.
HFND has underperformed the market in the last year with a return of +12.0%, while SPY returned +16.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in HFND shares. However, HFND has outperformed the market in the last 3 month and 2 week periods, returning +2.8% and +2.1%, while SPY returned +1.0% and +1.5%, respectively. This indicates HFND has been having a stronger performance recently.
HFND support price is $23.38 and resistance is $23.72 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HFND shares will trade within this expected range on the day.
