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

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) was the target of a large decrease in short interest in 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. Currently, 1.0% of the company’s stock are short sold. Based on an average trading volume of 70,610 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gateway Wealth Partners LLC acquired a new position in shares of GraniteShares HIPS US High Income ETF during the 1st quarter worth about $126,000. Chicago Partners Investment Group LLC boosted its position in shares of GraniteShares HIPS US High Income ETF by 2.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 34,387 shares of the company’s stock worth $411,000 after acquiring an additional 926 shares in the last quarter. Maridea Wealth Management LLC boosted its position in shares of GraniteShares HIPS US High Income ETF by 14.0% during the 1st 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 boosted its position in shares of GraniteShares HIPS US High Income ETF by 9.8% during the 4th 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 acquired a new position in shares of GraniteShares HIPS US High Income ETF during the 4th quarter worth about $112,000.

GraniteShares HIPS US High Income ETF Stock Performance

Shares of NYSEARCA:HIPS traded down $0.07 on Monday, hitting $11.49. 29,003 shares of the company’s stock were exchanged, compared to its average volume of 61,239. The firm’s 50-day moving average is $11.76 and its 200 day moving average is $11.83. The company has a market capitalization of $99.96 million, a PE ratio of 11.61 and a beta of 0.63. GraniteShares HIPS US High Income ETF has a 1-year low of $11.39 and a 1-year high of $12.46.

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.