Short Interest in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Rises By 76.6%

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) saw a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 150,176 shares, a growth of 76.6% from the May 31st total of 85,044 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 87,047 shares, the short-interest ratio is presently 1.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hamilton Capital Partners LLC grew its holdings in shares of GraniteShares HIPS US High Income ETF by 82.8% during the fourth quarter. Hamilton Capital Partners LLC now owns 938,415 shares of the company’s stock valued at $10,961,000 after buying an additional 425,035 shares during the last quarter. Orion Porfolio Solutions LLC lifted its position in GraniteShares HIPS US High Income ETF by 204.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 166,565 shares of the company’s stock valued at $2,016,000 after acquiring an additional 111,785 shares in the last quarter. Cetera Investment Advisers lifted its position in GraniteShares HIPS US High Income ETF by 9.8% in the 4th quarter. Cetera Investment Advisers now owns 83,911 shares of the company’s stock valued at $980,000 after acquiring an additional 7,492 shares in the last quarter. Camarda Financial Advisors LLC boosted its stake in GraniteShares HIPS US High Income ETF by 7.7% during the 2nd quarter. Camarda Financial Advisors LLC now owns 83,550 shares of the company’s stock valued at $1,011,000 after purchasing an additional 5,990 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in GraniteShares HIPS US High Income ETF by 3.2% during the 3rd quarter. Private Advisor Group LLC now owns 80,966 shares of the company’s stock valued at $955,000 after purchasing an additional 2,531 shares during the last quarter.

GraniteShares HIPS US High Income ETF Stock Performance

GraniteShares HIPS US High Income ETF stock opened at $11.50 on Thursday. GraniteShares HIPS US High Income ETF has a 12 month low of $11.28 and a 12 month high of $12.46. The company 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 fifty day simple moving average is $11.67 and its two-hundred day simple moving average is $11.79.

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.