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GraniteShares HIPS US High Income ETF (HIPS)

Moderate Allocation | Exchange Traded Fund | NYSEArca
10.50 USD -0.04 (-0.426%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)
After hours: 10.50
Short-term:★⯪☆☆☆Long-term:★⯪☆☆☆Dividends:★★★⯪☆
Hot Take ↕ | Oct. 10, 2026, 5:37 a.m. EDT

The GraniteShares HIPS US High Income ETF is currently trapped in a severe structural decline, offering a high-yield illusion that masks deteriorating capital preservation. Over the last nine years, the fund has lost nearly 35% of its value, with the most recent annual performance showing a double-digit drop. While the trailing twelve-month yield sits at an attractive 12%, this income is being generated on a shrinking asset base that trades below its 50-day and 200-day moving averages, signaling persistent selling pressure. The options market confirms this bearish sentiment, with traders aggressively buying protection at strikes well below the current price while ignoring upside potential. Although the payout appears consistent, the relentless multi-year erosion suggests the underlying high-income strategy is failing to generate enough alpha to offset the principal loss, making this a risky hold for investors prioritizing capital growth alongside income.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.019199
AutoARIMA0.019223
AutoETS0.019416
MSTL0.019539

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 52%
H-stat 6.23
Ljung-Box p 0.000
Jarque-Bera p 0.001
Excess Kurtosis 1.11
Attribute Value
Trailing P/E 9.22

As of Oct. 10, 2026, 5:37 a.m. EDT: Speculators are heavily positioned for downside protection, with deep in-the-money puts dominating open interest across multiple expirations while call activity remains negligible. Implied volatility is significantly elevated for put strikes compared to calls, indicating a market consensus expecting further price weakness rather than a rebound.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.92% 10.18% 10.31% 10.08%
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 12.0

Info Dump

Attribute Value
All Time High 21.0
All Time Low 7.682
Ask 0.0
Ask Size 100
Average Daily Volume10 Day 112,930
Average Daily Volume3 Month 86,617
Average Volume 86,617
Average Volume10Days 112,930
Beta3 Year 0.7
Bid 0.0
Bid Size 200
Category Moderate Allocation
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 10.5
Day Low 10.43
Display Name HIPS US High Income ETF
Dividend Yield 12.0
Eps Trailing Twelve Months 1.1387943
Esg Populated 0
Exchange PCX
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 11.39072
Fifty Day Average Change -0.89072037
Fifty Day Average Change Percent -0.07819702
Fifty Two Week Change Percent -7.8234253
Fifty Two Week High 12.3
Fifty Two Week High Change -1.8000002
Fifty Two Week High Change Percent -0.14634147
Fifty Two Week Low 10.43
Fifty Two Week Low Change 0.069999695
Fifty Two Week Low Change Percent 0.00671138
Fifty Two Week Range 10.43 - 12.3
First Trade Date Milliseconds 1,420,813,800,000
Five Year Average Return 0.0244956
Full Exchange Name NYSEArca
Fullday Change -0.029999733
Fullday Change Percent -0.28381962
Fullday Price 10.5
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 PREPRE
Max Age 86,400
Message Board Id finmb_280408652
Nav Price 10.57
Net Assets 104,275,584.0
Net Expense Ratio 1.17
Open 10.5
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 10.5
Post Market Time 1,792,008,605
Previous Close 10.5449
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.0448999
Regular Market Change Percent -0.425798
Regular Market Day High 10.5
Regular Market Day Low 10.43
Regular Market Day Range 10.43 - 10.5
Regular Market Open 10.5
Regular Market Previous Close 10.5449
Regular Market Price 10.5
Regular Market Time 1,792,008,000
Regular Market Volume 48,872
Short Name GraniteShares HIPS US High Inco
Source Interval 15
Symbol HIPS
Three Year Average Return 0.068087906
Total Assets 104,275,584
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing P E 9.220278
Trailing Peg Ratio None
Trailing Three Month Nav Returns -3.91946
Trailing Three Month Returns -3.91946
Triggerable 1
Two Hundred Day Average 11.66605
Two Hundred Day Average Change -1.16605
Two Hundred Day Average Change Percent -0.09995242
Type Disp ETF
Volume 48,872
Yield 0.12
Ytd Return 0.02612