GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS – Get Free Report) shot up 0.2% on Thursday . The company traded as high as $11.77 and last traded at $11.73. Approximately 87,844 shares traded hands during trading, an increase of 45% from the average session volume of 60,535 shares. The stock had previously closed at $11.71.
GraniteShares HIPS US High Income ETF Price Performance
The company has a 50 day simple moving average of $11.64 and a 200-day simple moving average of $11.69. The stock has a market cap of $113.78 million, a P/E ratio of 11.61 and a beta of 0.63.
GraniteShares HIPS US High Income ETF Dividend Announcement
The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, August 27th were given a $0.1075 dividend. The ex-dividend date was Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 11.0%.
Institutional Inflows and Outflows
GraniteShares HIPS US High Income ETF Company Profile
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.
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