GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Shares Down 0.4% – Here’s What Happened

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) shares fell 0.4% during mid-day trading on Monday . The company traded as low as $11.77 and last traded at $11.80. 27,981 shares traded hands during trading, a decline of 51% from the average session volume of 57,492 shares. The stock had previously closed at $11.85.

GraniteShares HIPS US High Income ETF Stock Performance

The stock has a fifty day moving average of $11.77 and a 200-day moving average of $11.84. The company has a market cap of $102.31 million, a PE ratio of 11.61 and a beta of 0.65.

GraniteShares HIPS US High Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a dividend of $0.1075 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 11.0%.

Hedge Funds Weigh In On GraniteShares HIPS US High Income ETF

Large investors have recently bought and sold shares of the business. Hamilton Capital Partners LLC raised its position in GraniteShares HIPS US High Income ETF by 82.8% during the 4th quarter. Hamilton Capital Partners LLC now owns 938,415 shares of the company’s stock valued at $10,961,000 after purchasing an additional 425,035 shares in the last quarter. Orion Porfolio Solutions LLC raised its position in GraniteShares HIPS US High Income ETF by 204.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 166,565 shares of the company’s stock valued at $2,016,000 after purchasing an additional 111,785 shares in the last quarter. Cetera Investment Advisers raised its position in 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 valued at $980,000 after purchasing an additional 7,492 shares in the last quarter. Camarda Financial Advisors LLC raised its position 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 in the last quarter. Finally, Private Advisor Group LLC raised its position 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 in the last quarter.

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.