Key stats
About Even Herd Long Short ETF
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Inception date
Apr 1, 2024
Structure
Open-Ended Fund
Replication method
Physical
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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
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
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EHLS assets under management is 57.03 M USD. It's risen 5.54% over the last month.
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.
Yes, EHLS pays dividends to its holders with the dividend yield of 0.97%. The last dividend (Dec 18, 2024) amounted to 0.23 USD. The dividends are paid annually.
EHLS shares are issued by Toroso Investments Topco LLC under the brand Even Herd. The ETF was launched on Apr 1, 2024, and its management style is Active.
EHLS expense ratio is 2.62% meaning you'd have to pay 2.62% of your investment to help manage the fund.
EHLS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EHLS invests in stocks.
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.
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 trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.