GraniteShares HIPS US High Income ETF (HIPS)

13.81
Delayed Data
As of Jan 22
 -0.06 / -0.43%
Today’s Change
7.68
Today|||52-Week Range
17.31
+1.69%
Year-to-Date

Investment Objective

The investment seeks to track the performance, before fees and expenses, of the TFMS HIPS Index. The fund employs a "passive management"-or indexing-investment approach designed to track the performance of the index. The rules-based index measures the performance of up to 60 high income U.S.-listed securities that typically have "pass-through" structures that require them to distribute substantially all of their earnings to shareholders as cash distributions. This "high income, pass-through" strategy is known as HIPS.

No recent news for GraniteShares HIPS US High Income ETF.

Performance

1 month+3.05% 3 years-0.40%
3 months+17.87% 5 years+7.45%
1 year-11.52% Since inception+1.57%
Data through 01/23/2021

Quote Details

Previous close$13.87
Open day’s range13.77 – 13.81
Net asset value (NAV)13.76 (01/22/2021)
Daily volume37,953
Average volume (3 months)29,441
Data as of 2:23pm ET, 01/22/2021

Peer Comparisonvs. Allocation--85%+ equity ETFs

 HIPSCategory
Performance 5-yr return+7.45%+11.03%
Expense Gross exp ratio1.27%1.23%
Risk 5 year sharpe ratio0.290.68
Net assets$22.9M$1.1B
Average market cap$4.4B$54.6B
Average P/E17.726.1
Dividend / Share--0.17%

Competitors

FFSG FormulaFolios Smart Growth ETF

Holdings

Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
GLO Clough Global Opportunities Fund3.05%
HIX Western Asset High Income Fund II2.93%
AVK Advent Convertible & Income Fund2.92%
TY Tri-Continental Corporation2.89%
EHI Western Asset Global High Income Fund2.87%
HIO Western Asset High Income Opportunity Fund Inc.2.86%
BGY BlackRock Enhanced International Dividend Trust2.78%
BOE BlackRock Enhanced Global Dividend Trust2.73%
CNS Cohen & Steers Inc2.72%
AOD Aberdeen Total Dynamic Dividend Fund2.71%