GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Free Report) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 150,176 shares, an increase of 76.6% from the May 31st total of 85,044 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 87,047 shares, the short-interest ratio is currently 1.7 days.
Institutional Investors Weigh In On GraniteShares HIPS US High Income ETF
Large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC acquired a new stake in GraniteShares HIPS US High Income ETF in the 4th quarter worth about $112,000. Gateway Wealth Partners LLC acquired a new position in GraniteShares HIPS US High Income ETF during the first quarter worth approximately $126,000. Envestnet Asset Management Inc. purchased a new position in GraniteShares HIPS US High Income ETF during the second quarter worth approximately $128,000. MGO One Seven LLC purchased a new position in GraniteShares HIPS US High Income ETF during the fourth quarter worth approximately $143,000. Finally, Aurora Private Wealth Inc. acquired a new position in shares of GraniteShares HIPS US High Income ETF in the 4th quarter valued at $147,000.
GraniteShares HIPS US High Income ETF Price Performance
Shares of NYSEARCA:HIPS opened at $11.50 on Thursday. The firm has a market capitalization of $109.25 million, a price-to-earnings ratio of 11.61 and a beta of 0.63. The business’s 50 day simple moving average is $11.67 and its 200-day simple moving average is $11.79. GraniteShares HIPS US High Income ETF has a 12 month low of $11.28 and a 12 month high of $12.46.
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. HIPS was launched on Jan 6, 2015 and is managed by GraniteShares.
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