EHLS is built as a core equity, attempting to manage the downside while maintaining upside participation.
If you think of the markets like an ocean, our system seeks to identify waves that are building—signaling potential outperformers—while simultaneously highlighting the laggards, allowing us to short the waves that are crashing.
EVEN HERD LONG/SHORT ETF (EHLS)
Fund Summary & Information
Summary
Even Herd’s Long Short ETF (EHLS) is an actively managed exchange-traded fund oriented towards the pursuit of comprehensive capital appreciation via publicly traded equities. Using its proprietary system, Even Herd takes long positions in securities it believes will outperform and short positions in those expected to underperform, aiming to remain agnostic to market timing. It seeks to maintain between 40 and 90% net equity exposure, although it may stray from that target in either direction if the manager deems it necessary. EHLS also intends to be a diversified fund and be suitable for any market environment.
Fund Information
Fund Name
Even Herd Long/Short ETF
Fund Inception
April 2, 2024
Fund Ticker
EHLS
Primary Exchange
NASDAQ
CUSIP
88636J543
Expense Ratio
1.58% (1.15%*)
*The Fund’s expense ratio includes Acquired Fund Fees and Expenses (“AFFE”). If AFFE were excluded, the expense ratio would be 1.15%.
Data & Pricing
As of 11/29/2024
Net Assets
$56,009,702.04
NAV
$23.34
Shares Outstanding
2,400,000
Closing Price
$23.38
Premium/Discount Percentage
0.18%
Median 30 Day Spread Percentage
0.22%
*The 30-Day Median Bid-Ask Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
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Fund holdings, and therefore sector and market capitalization exposure, are subject to change. The "as of" date for holdings and exposures reflects as of market open and may vary thereafter. Pricing data is as of market close.
Portfolio & Performance
The price chart utilizes third-party services data to display end-of-day market price graph and is believed to be accurate. The chart is for illustration purposes only.
Ticker | 1 Month | 3 Month | 6 Month | Since Inception Cumulative |
|---|---|---|---|---|
EHLS NAV | 1.91% | 8.64% | 8.79% | 6.31% |
EHLS MKT | 2.04% | 8.66% | 8.78% | 6.43% |
S&P 500 TR | -0.91% | 3.66% | 14.08% | 9.64% |
As of 10/31/2024
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost, and current performance may be lower or higher than the performance quoted.
Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. A fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. The market price is the most recent price at which the fund was traded.
The cumulative and annualized numbers above are since inception of the fund, 04/02/2024.
Top 5 Short Holdings
As of 12/02/2024
Perrigo Co PLC
-0.44%
United Parcel Service Inc
-0.36%
Alpha Metallurgical Resources Inc
-0.35%
Diodes Inc
-0.35%
Alarm.com Holdings Inc
-0.33%
TOTAL
-1.83%
Long and short positions are subject to change. There is no guarantee the fund still holds the position. The as of date reflects as of market open and may vary thereafter.
Sector Exposure
As of 12/02/2024
Market Capitalization Exposure
As of 12/02/2024