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GraniteShares HIPS US High Income ETF (HIPS)

Aggressive Allocation | Exchange Traded Fund | NYSEArca
11.72 USD +0.01 (0.090%) ⇧ (Aug. 28, 2026, 3:52 p.m. EDT)
After hours: 11.72
Short-term:★★⯪☆☆Long-term:★★☆☆☆Dividends:★★★☆☆
Hot Take ↕ | Aug. 22, 2026, 2:26 a.m. EDT

The headline 11.26% yield is a trap for capital preservation; it is entirely synthetic, generated by a massive discount to the fund's net asset value rather than robust underlying income. The price history confirms this structural decay, showing a cumulative loss of over 32% since inception, with the most recent annual return being negative. While the monthly price action shows a slight technical recovery, the long-term trajectory is clearly downward, and the options market is pricing in further weakness with heavy put positioning. The low P/E ratio reflects this deep value trap status, not a bargain opportunity.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.008531
MSTL0.009354
AutoARIMA0.010335
AutoETS0.010336

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 65%
H-stat 0.26
Ljung-Box p 0.000
Jarque-Bera p 0.838
Excess Kurtosis -0.21
Attribute Value
Trailing P/E 10.14

As of Aug. 22, 2026, 2:26 a.m. EDT: Speculators are positioning defensively with a distinct skew toward put options, particularly in the January 2027 expiration where out-of-the-money puts show significant volume and open interest relative to calls. This suggests a fear of a prolonged downtrend or a 'slow bleed' scenario rather than an immediate crash, while call activity remains negligible.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.92% 11.08% 10.91% 10.36%
Dividend History
Date Dividend Yield %
2026-08-27 0.108 0.921974
2026-07-29 0.108 0.941176
2026-06-26 0.108 0.946041
2026-05-27 0.108 0.931034
2026-04-28 0.108 0.903086
2026-03-27 0.108 0.946621
2026-02-25 0.108 0.918367
2026-01-28 0.108 0.892562
2025-12-29 0.108 0.922683
2025-11-25 0.108 0.921502
2025-10-29 0.108 0.930313
2025-09-26 0.108 0.909091
2025-08-27 0.108 0.889621
2025-07-29 0.108 0.879479
2025-06-26 0.108 0.891825
2025-05-28 0.108 0.896266
2025-04-28 0.108 0.898129
2025-03-27 0.108 0.842434
2025-02-26 0.108 0.821918
2025-01-29 0.108 0.833655
2024-12-27 0.108 0.842762
2024-11-26 0.108 0.815402
2024-10-29 0.108 0.851399
2024-09-26 0.108 0.840467
2024-08-28 0.108 0.847059
2024-07-29 0.108 0.830322
2024-06-26 0.108 0.853081
2024-05-29 0.108 0.855784
2024-04-26 0.108 0.857143
2024-03-26 0.108 0.853822
2024-02-27 0.108 0.867818
2024-01-29 0.108 0.860558
2023-12-27 0.108 0.862964
2023-11-28 0.108 0.905281
2023-10-27 0.108 0.948200
2023-09-27 0.108 0.905281
2023-08-29 0.108 0.897383
2023-07-27 0.108 0.887428
2023-06-28 0.108 0.925450
2023-05-26 0.108 0.961538
2023-04-26 0.108 0.946538
2023-03-29 0.108 0.944882
2023-02-24 0.108 0.854498
2023-01-27 0.108 0.831409
2022-12-28 0.108 0.904523
2022-11-28 0.108 0.857143
2022-10-27 0.108 0.895522
2022-09-28 0.108 0.912162
2022-08-29 0.108 0.811969
2022-07-27 0.108 0.833333
2022-06-28 0.108 0.864623
2022-05-26 0.108 0.802079
2022-04-27 0.108 0.776420
2022-03-29 0.108 0.755245
2022-02-24 0.108 0.764331
2022-01-27 0.108 0.737554
2021-12-30 0.108 0.710713
2021-11-17 0.108 0.693642
2021-10-13 0.108 0.694534
2021-09-15 0.108 0.695428
2021-08-18 0.108 0.705882
2021-07-14 0.108 0.697674
2021-06-16 0.108 0.681388
2021-05-19 0.108 0.713342
2021-04-14 0.108 0.730223
2021-03-17 0.108 0.741249
2021-02-17 0.108 0.763845
2021-01-13 0.108 0.785969
2020-12-30 0.108 0.798226
2020-11-18 0.108 0.825057
2020-10-14 0.108 0.894929
2020-09-16 0.108 0.883002
2020-08-19 0.108 0.881273
2020-07-15 0.108 0.912548
2020-06-17 0.108 0.885609
2020-05-13 0.108 1.051811
2020-04-15 0.108 1.054173
2020-03-18 0.108 1.302774
2020-02-19 0.108 0.629004
2020-01-15 0.108 0.626087
2019-12-30 0.108 0.633617
2019-11-13 0.108 0.653951
2019-10-16 0.108 0.655141
2019-09-18 0.108 0.644468
2019-08-14 0.108 0.670807
2019-07-17 0.108 0.636230
2019-06-19 0.108 0.639432
2019-05-15 0.108 0.638449
2019-04-16 0.108 0.631764
2019-03-13 0.108 0.644622
2019-02-13 0.108 0.642398
2019-01-16 0.108 0.670308
2018-12-28 0.108 0.723134
2018-11-14 0.108 0.660550
2018-10-17 0.108 0.635294
2018-09-19 0.108 0.609653
2018-08-15 0.108 0.609653
2018-07-18 0.108 0.617849
2018-06-13 0.108 0.628675
2018-05-16 0.108 0.647094
2018-04-18 0.108 0.654585
2018-03-14 0.108 0.652844
2018-02-14 0.108 0.642857
2018-01-17 0.108 0.606401
2017-12-28 0.108 0.610169
2017-11-14 0.108 0.625000
2017-10-17 0.108 0.597974
2017-09-19 0.108 0.601403
2017-08-15 0.108 0.606742
2017-07-18 0.108 0.589520
2017-06-13 0.108 0.596290
2017-05-16 0.108 0.598338
2017-04-18 0.108 0.583311
2017-03-14 0.108 0.600868
2017-02-14 0.108 0.575386
2017-01-17 0.108 0.589616
2016-12-28 0.108 0.602007
2016-11-15 0.108 0.629738
2016-10-18 0.108 0.626305
2016-09-13 0.108 0.624277
2016-08-16 0.108 0.600000
2016-07-19 0.108 0.613288
2016-06-14 0.108 0.657334
2016-05-17 0.108 0.650211
2016-04-19 0.108 0.658537
2016-03-15 0.108 0.710480
2016-02-16 0.108 0.790572
2016-01-19 0.108 0.780911
2015-12-29 0.108 0.674578
2015-11-17 0.057 0.347349
2015-10-20 0.057 0.325901
2015-09-22 0.057 0.335176
2015-08-18 0.108 0.597345
2015-07-21 0.108 0.580645
2015-06-16 0.108 0.560748
2015-05-19 0.108 0.538385
2015-04-21 0.108 0.533491
2015-03-17 0.108 0.547112
2015-02-17 0.107 0.517909
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 11.26

Info Dump

Attribute Value
All Time High 21.0
All Time Low 7.682
Ask 11.9
Ask Size 2,100
Average Daily Volume10 Day 51,630
Average Daily Volume3 Month 59,956
Average Volume 59,956
Average Volume10Days 51,630
Beta3 Year 0.56
Bid 11.5
Bid Size 100
Category Aggressive Allocation
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 11.78
Day Low 11.7
Dividend Yield 11.26
Eps Trailing Twelve Months 1.1561995
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 11.60104
Fifty Day Average Change 0.12386036
Fifty Day Average Change Percent 0.01067666
Fifty Two Week Change Percent -3.4693062
Fifty Two Week High 12.3
Fifty Two Week High Change -0.57509995
Fifty Two Week High Change Percent -0.046756092
Fifty Two Week Low 11.28
Fifty Two Week Low Change 0.4449005
Fifty Two Week Low Change Percent 0.039441537
Fifty Two Week Range 11.28 - 12.3
First Trade Date Milliseconds 1,420,813,800,000
Five Year Average Return 0.047764
Full Exchange Name NYSEArca
Fullday Change 0.0106001
Fullday Change Percent 0.0904885
Fullday Price 11.7249
Fund Family Graniteshares
Fund Inception Date 1,420,588,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary 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 40 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.
Long Name GraniteShares HIPS US High Income ETF
Market us_market
Market State CLOSED
Max Age 86,400
Message Board Id finmb_280408652
Nav Price 11.81
Net Assets 115,781,008.0
Net Expense Ratio 1.17
Open 11.74
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 11.7249
Post Market Time 1,787,961,380
Previous Close 11.7143
Price Hint 2
Quote Source Name Delayed Quote
Quote Type ETF
Region US
Regular Market Change 0.0106001
Regular Market Change Percent 0.0904885
Regular Market Day High 11.78
Regular Market Day Low 11.7
Regular Market Day Range 11.7 - 11.78
Regular Market Open 11.74
Regular Market Previous Close 11.7143
Regular Market Price 11.7249
Regular Market Time 1,787,946,768
Regular Market Volume 84,104
Short Name GraniteShares HIPS US High Inco
Source Interval 15
Symbol HIPS
Three Year Average Return 0.104509
Total Assets 115,781,008
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 10.140898
Trailing Peg Ratio None
Trailing Three Month Nav Returns -2.35906
Trailing Three Month Returns -2.35906
Triggerable 1
Two Hundred Day Average 11.763495
Two Hundred Day Average Change -0.0385952
Two Hundred Day Average Change Percent -0.0032809295
Type Disp ETF
Volume 84,104
Yield 0.1126
Ytd Return 4.62831