Short Interest in GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Decreases By 80.0%

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) was the recipient of a large decrease in short interest in August. As of August 15th, there was short interest totaling 18,200 shares, adecreaseof80.0% from the July 31st total of 91,200 shares. Based on an average daily volume of 45,900 shares, the short-interest ratio is currently 0.4 days. Based on an average daily volume of 45,900 shares, the short-interest ratio is currently 0.4 days.

GraniteShares HIPS US High Income ETF Stock Performance

HIPS opened at $12.14 on Wednesday. GraniteShares HIPS US High Income ETF has a fifty-two week low of $10.87 and a fifty-two week high of $13.40. The firm’s fifty day moving average is $12.24 and its 200 day moving average is $12.28. The stock has a market cap of $105.62 million, a price-to-earnings ratio of 11.61 and a beta of 1.11.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SimpliFi Inc. lifted its stake in shares of GraniteShares HIPS US High Income ETF by 3.2% during the 2nd quarter. SimpliFi Inc. now owns 616,713 shares of the company’s stock valued at $7,465,000 after buying an additional 18,840 shares in the last quarter. RiverTree Advisors LLC lifted its stake in shares of GraniteShares HIPS US High Income ETF by 223.9% during the 2nd quarter. RiverTree Advisors LLC now owns 332,836 shares of the company’s stock valued at $4,029,000 after buying an additional 230,079 shares in the last quarter. LPL Financial LLC lifted its stake in shares of GraniteShares HIPS US High Income ETF by 5.3% during the 1st quarter. LPL Financial LLC now owns 318,224 shares of the company’s stock valued at $4,048,000 after buying an additional 16,019 shares in the last quarter. Ethos Financial Group LLC lifted its stake in shares of GraniteShares HIPS US High Income ETF by 8.0% during the 2nd quarter. Ethos Financial Group LLC now owns 250,676 shares of the company’s stock valued at $3,034,000 after buying an additional 18,567 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of 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 buying an additional 111,785 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.