GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Short Interest Update

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) saw a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 52,500 shares, a drop of 30.4% from the May 15th total of 75,400 shares. Based on an average daily volume of 51,300 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On GraniteShares HIPS US High Income ETF

A number of institutional investors have recently modified their holdings of HIPS. Raymond James Financial Inc. bought a new position in shares of GraniteShares HIPS US High Income ETF during the fourth quarter valued at $198,000. Maridea Wealth Management LLC purchased a new stake in GraniteShares HIPS US High Income ETF during the first quarter valued at about $235,000. Concurrent Investment Advisors LLC purchased a new position in GraniteShares HIPS US High Income ETF in the 1st quarter valued at approximately $270,000. Advisor Resource Council bought a new position in GraniteShares HIPS US High Income ETF in the 1st quarter worth about $331,000. Finally, Cetera Investment Advisers increased its holdings in GraniteShares HIPS US High Income ETF by 28.2% during the 4th quarter. Cetera Investment Advisers now owns 29,367 shares of the company’s stock worth $377,000 after acquiring an additional 6,465 shares during the period.

GraniteShares HIPS US High Income ETF Trading Up 0.2%

NYSEARCA:HIPS opened at $12.17 on Tuesday. The stock has a market cap of $107.10 million, a P/E ratio of 11.61 and a beta of 0.77. GraniteShares HIPS US High Income ETF has a 1-year low of $10.87 and a 1-year high of $13.40. The stock has a 50 day simple moving average of $11.98 and a 200 day simple moving average of $12.59.

GraniteShares HIPS US High Income ETF Company Profile

The GraniteShares HIPS US High Income ETF (HIPS) is an exchange-traded fund that is based on the TFMS HIPS index. The fund tracks an index of assets that tend to produce high income and pass through that income without being taxed at the constituent level. These include REITs, MLPs, BDCs and debt-based closed-end funds.