GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Stock Price Up 0.2% – Here’s What Happened

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) shares shot up 0.2% during trading on Thursday . The stock traded as high as $11.83 and last traded at $11.80. Approximately 53,109 shares changed hands during mid-day trading, a decline of 11% from the average session volume of 59,493 shares. The stock had previously closed at $11.78.

GraniteShares HIPS US High Income ETF Trading Up 0.2%

The company has a market capitalization of $114.46 million, a PE ratio of 11.61 and a beta of 0.63. The firm has a fifty day moving average of $11.54 and a two-hundred day moving average of $11.72.

Institutional Trading of GraniteShares HIPS US High Income ETF

A number of institutional investors have recently made changes to their positions in HIPS. Kestra Advisory Services LLC bought a new position in shares of GraniteShares HIPS US High Income ETF in the fourth quarter worth approximately $112,000. Capital Square LLC bought a new stake in GraniteShares HIPS US High Income ETF during the 2nd quarter valued at $125,000. Gateway Wealth Partners LLC purchased a new stake in GraniteShares HIPS US High Income ETF during the 1st quarter valued at $126,000. Envestnet Asset Management Inc. purchased a new stake in GraniteShares HIPS US High Income ETF during the 2nd quarter valued at $128,000. Finally, MGO One Seven LLC bought a new stake in GraniteShares HIPS US High Income ETF in the 4th quarter worth $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.