Key stats
About Even Herd Long Short ETF
Expense ratio
1.58%
Home page
Inception date
Apr 1, 2024
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
What's in the fund
Exposure type
Finance
Technology Services
Cash
Stocks114.29%
Finance18.69%
Technology Services11.42%
Electronic Technology6.37%
Utilities4.62%
Process Industries3.82%
Health Services3.70%
Retail Trade3.54%
Non-Energy Minerals3.50%
Health Technology3.35%
Industrial Services2.74%
Consumer Services2.39%
Producer Manufacturing2.11%
Miscellaneous2.02%
Commercial Services2.01%
Communications2.00%
Transportation1.94%
Consumer Durables1.26%
Consumer Non-Durables1.10%
Energy Minerals1.07%
Distribution Services0.59%
Bonds, Cash & Other−14.29%
Cash31.80%
Miscellaneous−46.09%
Displays a symbol's price movements over previous years to identify recurring trends.