Key stats
Fund info
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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
CUSIP
88636J543
FIGI
BBG01M2SMGD2
Identifiers
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
Mutual fund
Stocks100.02%
Finance23.40%
Health Technology8.85%
Technology Services7.19%
Electronic Technology6.36%
Industrial Services5.42%
Producer Manufacturing3.94%
Non-Energy Minerals3.64%
Communications2.93%
Consumer Services2.70%
Retail Trade2.48%
Energy Minerals2.09%
Process Industries1.94%
Transportation1.92%
Commercial Services1.71%
Utilities1.59%
Consumer Non-Durables1.43%
Health Services1.12%
Miscellaneous0.64%
Consumer Durables0.53%
Distribution Services0.29%
Bonds, Cash & Other−0.02%
Mutual fund21.03%
Cash3.72%
Rights & Warrants0.00%
Miscellaneous−24.78%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently asked questions
EHLS assets under management is 58.62 M USD. It's fallen 1.97% over the last month.
EHLS fund flows account for −4.42 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.
EHLS shares are issued by TFG Parent Holdings LLC under the brand Even Herd. The ETF was launched on Apr 1, 2024, and its management style is Active.
EHLS expense ratio is 3.35% meaning you'd have to pay 3.35% 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 fallen by −1.44% over the last month, and its yearly performance shows a 15.06% increase. See more dynamics on EHLS price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.92% over the last month, have fallen by −0.92% over the last month, showed a −2.91% decrease in three-month performance and has increased by 15.05% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.92% over the last month, have fallen by −0.92% over the last month, showed a −2.91% decrease in three-month performance and has increased by 15.05% in a year.
EHLS trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.