GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS) Trading Down 0.4% – Should You Sell?

GraniteShares HIPS US High Income ETF (NYSEARCA:HIPS)’s share price fell 0.4% during trading on Thursday . The stock traded as low as $11.51 and last traded at $11.53. 32,627 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 57,995 shares. The stock had previously closed at $11.58.

GraniteShares HIPS US High Income ETF Stock Down 0.4%

The stock has a market capitalization of $110.11 million, a price-to-earnings ratio of 11.61 and a beta of 0.63. The firm has a 50-day moving average of $11.56 and a two-hundred day moving average of $11.77.

Institutional Trading of GraniteShares HIPS US High Income ETF

Several institutional investors have recently made changes to their positions in HIPS. Kestra Advisory Services LLC acquired a new position in shares of GraniteShares HIPS US High Income ETF in the fourth quarter worth $112,000. Gateway Wealth Partners LLC purchased a new position in GraniteShares HIPS US High Income ETF in the first quarter valued at about $126,000. Envestnet Asset Management Inc. acquired a new position in GraniteShares HIPS US High Income ETF in the 2nd quarter worth about $128,000. MGO One Seven LLC purchased a new stake in shares of GraniteShares HIPS US High Income ETF during the 4th quarter worth about $143,000. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of GraniteShares HIPS US High Income ETF during the 4th quarter valued at about $147,000.

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.