GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Stock Price Down 0.5% – Time to Sell?

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)’s stock price dropped 0.5% on Monday . The stock traded as low as $11.60 and last traded at $11.63. Approximately 550,778 shares changed hands during trading, an increase of 771% from the average daily volume of 63,240 shares. The stock had previously closed at $11.69.

GraniteShares HIPS US High Income ETF Price Performance

The company has a fifty day moving average price of $11.76 and a 200 day moving average price of $11.84. The company has a market cap of $100.66 million, a PE ratio of 11.61 and a beta of 0.65.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HIPS. Kestra Advisory Services LLC purchased a new position in shares of GraniteShares HIPS US High Income ETF during the fourth quarter worth approximately $112,000. Gateway Wealth Partners LLC purchased a new position in shares of GraniteShares HIPS US High Income ETF during the first quarter worth approximately $126,000. Stratos Wealth Advisors LLC purchased a new position in shares of GraniteShares HIPS US High Income ETF during the third quarter worth approximately $127,000. Envestnet Asset Management Inc. bought a new stake in GraniteShares HIPS US High Income ETF in the second quarter valued at approximately $128,000. Finally, MGO One Seven LLC bought a new stake in GraniteShares HIPS US High Income ETF in the fourth quarter valued at approximately $143,000.

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.