Even Herd Long Short ETFEven Herd Long Short ETFEven Herd Long Short ETF

Even Herd Long Short ETF

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Key stats


Assets under management (AUM)
‪57.03 M‬USD
Fund flows (1Y)
‪1.91 M‬USD
Dividend yield (indicated)
0.97%
Discount/Premium to NAV
−0.03%
Shares outstanding
‪2.47 M‬
Expense ratio
2.62%

About Even Herd Long Short ETF


Issuer
Toroso Investments Topco LLC
Brand
Even Herd
Home page
Inception date
Apr 1, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636J5433
EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Broaden your horizons with more funds linked to EHLS via country, focus, and more.

Classification


Asset Class
Alternatives
Category
Hedge fund strategies
Focus
Long/short
Niche
Long/short
Strategy
Active
Geography
U.S.
Weighting scheme
Proprietary
Selection criteria
Proprietary
What's in the fund
Exposure type
StocksBonds, Cash & Other
Finance
Technology Services
Cash
Mutual fund
Stocks102.09%
Finance12.69%
Technology Services10.90%
Electronic Technology8.50%
Non-Energy Minerals5.44%
Utilities4.80%
Industrial Services3.54%
Producer Manufacturing3.47%
Communications3.24%
Health Technology2.97%
Consumer Non-Durables2.41%
Retail Trade2.19%
Consumer Services2.18%
Distribution Services2.11%
Process Industries1.91%
Transportation1.69%
Energy Minerals1.41%
Commercial Services1.03%
Health Services1.01%
Miscellaneous0.84%
Consumer Durables0.21%
Bonds, Cash & Other−2.09%
Cash23.99%
Mutual fund14.67%
Miscellaneous−40.75%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
EHLS trades at 23.57 USD today, its price has risen 0.76% in the past 24 hours. Track more dynamics on EHLS price chart.
EHLS net asset value is 23.40 today — it's risen 7.74% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
EHLS assets under management is ‪57.03 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
EHLS price has risen by 6.31% over the last month, and its yearly performance shows a 12.79% increase. See more dynamics on EHLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 7.74% over the last month, showed a 7.08% increase in three-month performance and has increased by 6.49% in a year.
EHLS fund flows account for ‪1.91 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
EHLS invests in stocks. See more details in our Analysis section.
EHLS expense ratio is 2.62%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, EHLS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, EHLS technical analysis shows the strong buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating EHLS shows the buy signal. See more of EHLS technicals for a more comprehensive analysis.
Yes, EHLS pays dividends to its holders with the dividend yield of 0.97%.
EHLS trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
EHLS shares are issued by Toroso Investments Topco LLC
EHLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 1, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.