HIPS - GraniteShares HIPS US High Income ETF
HIPS offers a twist on the popular multi-asset income space: a focus on pass-through securities (those that pass on most of their income to their owners). The owners pay taxes on that income, while the entities themselves dont, thereby eliminating the double taxation associated with stock dividends. The portfolio allocates equally to four alternative income segments: closed-end funds (CEFs), business development companies (BDCs), real estate investment trusts (REITs), and energy master limited partnerships (MLPs).
As of Jun 30, 2026: spot at $11.54, ATM IV 6.0%, max pain $12.00, net GEX -$3.0K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $102.7M
- Beta
- 0.61
- 52-Week Range
- 11.28-12.46
- Dividend Yield
- $1.29
- IPO Date
- Jan 9, 2015
- Exchange
- AMEX
What HIPS Looks Like to Options Traders Today
IV rank of 1.0% is subdued relative to the 1-year history, conditions that typically favor premium-buying or long-volatility structures (debit spreads, calendar spreads, long straddles); negative net gamma exposure (-$3.0K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.194) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The HIPS overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked HIPS overview questions
- What is HIPS?
- HIPS is the ticker symbol for GraniteShares HIPS US High Income ETF, an listed exchange-traded fund. HIPS offers a twist on the popular multi-asset income space: a focus on pass-through securities (those that pass on most of their income to their owners). The owners pay taxes on that income, while the entities themselves dont, thereby eliminating the double taxation associated with stock dividends. Listed on AMEX. HIPS is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the HIPS options snapshot look like today?
- As of Jun 30, 2026, the HIPS options snapshot shows spot at $11.54, ATM IV 6.0%, IV rank 1.0%, max pain $12.00, net GEX -$3.0K, expected move 1.72%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are HIPS's key statistics?
- GraniteShares HIPS US High Income ETF (HIPS) carries a market capitalization of $102.7M, 52-week range of 11.28-12.46. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does HIPS belong to?
- GraniteShares HIPS US High Income ETF operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare HIPS's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the HIPS data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.