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 increase in short interest in the month of June. As of June 15th, there was short interest totaling 150,176 shares, an increase of 76.6% from the May 31st total of 85,044 shares. Based on an average daily volume of 87,047 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.7% of the shares of the stock are sold short.

GraniteShares HIPS US High Income ETF Stock Down 0.3%

Shares of HIPS opened at $11.47 on Friday. GraniteShares HIPS US High Income ETF has a 52-week low of $11.28 and a 52-week high of $12.46. The company has a 50-day simple moving average of $11.66 and a 200-day simple moving average of $11.79. The company has a market capitalization of $108.97 million, a PE ratio of 11.61 and a beta of 0.63.

Hedge Funds Weigh In On GraniteShares HIPS US High Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HIPS. Hamilton Capital Partners LLC lifted its stake in GraniteShares HIPS US High Income ETF by 82.8% in the 4th 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 in the last quarter. Orion Porfolio Solutions LLC lifted its stake in shares of 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 purchasing an additional 111,785 shares in the last quarter. Cetera Investment Advisers lifted its holdings 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 valued at $980,000 after acquiring an additional 7,492 shares in the last quarter. Camarda Financial Advisors LLC lifted its holdings in shares of 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 acquiring an additional 5,990 shares in the last quarter. Finally, Private Advisor Group LLC boosted 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 worth $955,000 after purchasing an additional 2,531 shares during the period.

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.