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Prospectus [Line Items] rr_ProspectusLineItems  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Apr. 30, 2023
Entity Registrant Name dei_EntityRegistrantName Strategy Shares
Entity Central Index Key dei_EntityCentralIndexKey 0001506213
Entity Inv Company Type dei_EntityInvCompanyType N-1A
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol hss
Document Creation Date dei_DocumentCreationDate Jun. 09, 2023
Document Effective Date dei_DocumentEffectiveDate Jun. 09, 2023
Prospectus Date rr_ProspectusDate Sep. 01, 2022
Strategy Shares Nasdaq 7 HANDL(TM) Index ETF  
Prospectus [Line Items] rr_ProspectusLineItems  
Risk/Return [Heading] rr_RiskReturnHeading STRATEGY SHARES NASDAQ 7HANDL™ INDEX ETF
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

 

STRATEGY SHARES NASDAQ 7HANDL™ INDEX ETF

NASDAQ Ticker: HNDL

(the "Fund")

 

June 9, 2023

 

 

The information in this Supplement amends certain information contained in the Fund’s Summary Prospectus and Prospectus, each dated September 1, 2022, as revised September 8, 2023.

________________________________________________________________________________________

 

The following information replaces the second sentence of the eighth paragraph under the sections of the Fund’s Summary Prospectus and Prospectus entitled “FUND SUMMARY: STRATEGY SHARES NASDAQ 7HANDL™ INDEX ETF – Principal Investment Strategy” and the second sentence of the seventh paragraph under the section of the Fund’s Prospectus entitled “ADDITIONAL INFORMATION ABOUT THE FUNDS’ PRINCIPAL INVESTMENT STRATEGIES AND RELATED RISKS - PRINCIPAL INVESTMENT STRATEGIES - Strategy Shares Nasdaq 7HANDL™ Index ETF”:

 

“The Fund will typically invest 90% of its assets in the Index’s component securities and hold 10% of its assets in cash and cash equivalents, including money market mutual funds and treasury securities, as collateral for the Fund’s 40% total return swap (measured as a percent of the Fund’s portfolio) on the Base Index.”

 

* * * * *

You should read this Supplement in conjunction with the Funds' Prospectus, Summary Prospectus, and the Statement of Additional Information, each dated September 1, 2022, as revised September 8, 2022, which provide information that you should know about the Funds before investing. These documents are available upon request and without charge by calling the Funds toll-free at 1-855-4SS-ETFS (855-477-3837) or by writing to the Fund at 36 North New York Avenue, Huntington, NY 11743.

 

 

 

Please retain this Supplement for future reference.

 

 

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