HIPS 13.03 GraniteShares HIPS US High Income ETF
| Range: | 11.39-13.22 | Vol Avg: | 35384 | Last Div: | 1.18 | Changes: | 0.05 |
| Beta: | 1 | Cap: | 0.09B | Currency: | USD | Exchange: | AMEX |
| Sector: | Financial Services | IPO: | Fri Jan 09 2015 | Empoloyees: | |||
| CUSIP: | 38747R306 | CIK: | 0001540305 | ISIN: | US38747R3066 | Country: | US |
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.
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