GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Short Interest Up 71.7% in May

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 139,709 shares, an increase of 71.7% from the April 30th total of 81,381 shares. Currently, 1.6% of the company’s shares are short sold. Based on an average trading volume of 50,533 shares, the days-to-cover ratio is currently 2.8 days.

Hedge Funds Weigh In On GraniteShares HIPS US High Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hamilton Capital Partners LLC raised 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 acquiring an additional 425,035 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in GraniteShares HIPS US High Income ETF by 204.1% in the second quarter. Orion Porfolio Solutions LLC now owns 166,565 shares of the company’s stock worth $2,016,000 after purchasing an additional 111,785 shares during the period. Cetera Investment Advisers grew its stake in 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 purchasing an additional 7,492 shares during the period. Camarda Financial Advisors LLC grew its stake in shares of GraniteShares HIPS US High Income ETF by 7.7% in the second quarter. Camarda Financial Advisors LLC now owns 83,550 shares of the company’s stock worth $1,011,000 after acquiring an additional 5,990 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of GraniteShares HIPS US High Income ETF by 3.2% in the third quarter. Private Advisor Group LLC now owns 80,966 shares of the company’s stock worth $955,000 after acquiring an additional 2,531 shares during the last quarter.

GraniteShares HIPS US High Income ETF Stock Down 0.1%

Shares of GraniteShares HIPS US High Income ETF stock opened at $11.62 on Wednesday. The company has a market cap of $101.09 million, a PE ratio of 11.61 and a beta of 0.65. The business has a 50 day moving average of $11.76 and a 200 day moving average of $11.84. GraniteShares HIPS US High Income ETF has a 52 week low of $11.39 and a 52 week 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.