HNDL Stock Summary and Trading Ideas (Strategy Shares Nasdaq 7 Handl ETF | NASDAQ:HNDL)

The Nasdaq 7HANDL Index ETF seeks investment results that correspond generally, before fees and expenses, to the price and yield performance of the Nasdaq 7HANDL Index. The index is broadly diversified and represents an allocation to a balanced portfolio of U.S. equities, bonds and alternative investments that employs leverage in an amount equal to 23% of the portfolio. The index consists of ETFs that are split into two equally weighted categories, a Core Portfolio and a Dorsey Wright Explore Portfolio. The Core Portfolio consists of a 70% allocation to U.S. aggregate fixed income ETFs a 30% allocation to U.S. large cap equity ETFs. The Dorsey Wright Explore Portfolio consists of an allocation to ETFs in various U.S. asset categories that have historically provided high levels of income, using a tactical asset allocation methodology developed in consultation with Nasdaq Dorsey Wright Investment Research & Analysis that seeks to incorporate momentum, yield and risk.

Strategy Shares Nasdaq 7 Handl ETF trades on the NASDAQ stock market under the symbol HNDL.

As of June 25, 2024, HNDL stock price declined to $21.16 with 65,031 million shares trading.

HNDL has a beta of 0.77, meaning it tends to be less sensitive to market movements. HNDL has a correlation of 0.78 to the broad based SPY ETF.

HNDL has a market cap of $819.95 million. This is considered a Small Cap stock.

In the last 3 years, HNDL stock traded as high as $26.25 and as low as $18.26.

HNDL has underperformed the market in the last year with a price return of +12.4% while the SPY ETF gained +27.3%. HNDL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.3% and +1.4%, respectively, while the SPY returned +5.2% and +1.8%, respectively.

HNDL support price is $21.10 and resistance is $21.32 (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 HNDL stock will trade within this expected range on the day.