GraniteShares HIPS US High Income ETF Declares Monthly Dividend of $0.11 (NYSEARCA:HIPS)

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) announced a monthly dividend on Tuesday, February 24th. Shareholders of record on Wednesday, February 25th will be given a dividend of 0.1075 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 11.0%. The ex-dividend date of this dividend is Wednesday, February 25th.

GraniteShares HIPS US High Income ETF Trading Down 1.7%

HIPS stock traded down $0.20 during mid-day trading on Wednesday, hitting $11.73. 27,443 shares of the company were exchanged, compared to its average volume of 74,943. The company has a market capitalization of $97.36 million, a PE ratio of 11.61 and a beta of 0.78. GraniteShares HIPS US High Income ETF has a twelve month low of $10.87 and a twelve month high of $13.28. The firm has a fifty day simple moving average of $11.97 and a 200 day simple moving average of $11.91.

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.