Even Herd Long Short ETF

Frequently Asked Questions About EHLS

What does EHLS invest in?

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 10 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.

What is the expense ratio of EHLS?

Even Herd Long Short ETF (EHLS) charges an expense ratio of 2.62%. This is the annual fee deducted from fund assets to cover management and operations.

How big is EHLS?

Even Herd Long Short ETF (EHLS) manages $60.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is EHLS actively managed or an index fund?

EHLS is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (EHLS's is 2.62%) in exchange for the discretion to over- or under-weight positions.

When was EHLS launched?

Even Herd Long Short ETF (EHLS) launched in April 2024 and is managed by Even Herd.

How has EHLS performed?

EHLS's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.