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

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 85,044 shares, a decrease of 39.1% from the May 14th total of 139,709 shares. Based on an average trading volume of 70,610 shares, the short-interest ratio is presently 1.2 days. Approximately 1.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On GraniteShares HIPS US High Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of HIPS. Gateway Wealth Partners LLC acquired a new position in shares of GraniteShares HIPS US High Income ETF during the first quarter valued at $126,000. Chicago Partners Investment Group LLC lifted its stake in GraniteShares HIPS US High Income ETF by 2.8% in the first quarter. Chicago Partners Investment Group LLC now owns 34,387 shares of the company’s stock valued at $411,000 after buying an additional 926 shares during the period. Maridea Wealth Management LLC increased its holdings in shares of GraniteShares HIPS US High Income ETF by 14.0% in the first quarter. Maridea Wealth Management LLC now owns 45,248 shares of the company’s stock worth $523,000 after acquiring an additional 5,547 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of GraniteShares HIPS US High Income ETF by 9.8% in the fourth quarter. Cetera Investment Advisers now owns 83,911 shares of the company’s stock worth $980,000 after acquiring an additional 7,492 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of GraniteShares HIPS US High Income ETF in the fourth quarter worth about $112,000.

GraniteShares HIPS US High Income ETF Stock Up 0.1%

NYSEARCA:HIPS traded up $0.01 during trading hours on Tuesday, reaching $11.50. The company had a trading volume of 28,730 shares, compared to its average volume of 60,954. The stock has a 50-day moving average of $11.76 and a two-hundred day moving average of $11.83. GraniteShares HIPS US High Income ETF has a one year low of $11.39 and a one year high of $12.46. The firm has a market capitalization of $100.05 million, a PE ratio of 11.61 and a beta of 0.63.

About GraniteShares HIPS US High Income ETF

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.