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

Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) shares were down 0.3% during mid-day trading on Thursday . The stock traded as low as $24.25 and last traded at $24.25. Approximately 3,247 shares traded hands during mid-day 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 Stock Performance

The company has a market cap of $34.19 million, a P/E ratio of 17.86 and a beta of 0.48. The firm has a 50 day moving average price of $24.36 and a two-hundred day moving average price of $23.87.

Institutional Investors 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 bought a new position in shares of Unlimited HFND Multi-Strategy Return Tracker ETF (NYSEARCA:HFND) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,168 shares of the company’s stock, valued at approximately $26,000. Osbon Capital Management LLC owned approximately 0.09% of Unlimited HFND Multi-Strategy Return Tracker ETF at the end of the most recent reporting period.

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.