Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) Shares Up 0.6% – Should You Buy?

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND)’s share price traded up 0.6% during mid-day trading on Friday . The company traded as high as $23.79 and last traded at $23.79. 5,142 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 16,198 shares. The stock had previously closed at $23.64.

Unlimited HFND Multi-Strategy Return Tracker ETF Trading Up 0.6%

The firm has a market cap of $32.12 million, a P/E ratio of 17.86 and a beta of 0.50. The business’s 50-day moving average is $23.34 and its two-hundred day moving average is $23.37.

Unlimited HFND Multi-Strategy Return Tracker ETF Announces Dividend

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

Institutional Trading of Unlimited HFND Multi-Strategy Return Tracker ETF

An institutional investor recently raised its position in Unlimited HFND Multi-Strategy Return Tracker ETF stock. Farther Finance Advisors LLC boosted its stake in Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) by 8,060.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,912 shares of the company’s stock after buying 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.

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.