The Hedgeye 130/30 Equity ETF pursues an active strategy that uses both long positions and short selling in US stocks. It maintains exposure to the overall market while interpreting changes in company fundamentals, technical signals, and the macro environment together.

It suits investors who see long-term growth potential in US stocks but understand the volatility that comes with active management and short selling, rather than simply tracking an index.

It is an actively managed ETF run by Hedgeye Asset Management.

This strategy runs long positions in stocks judged likely to rise alongside short positions in stocks seen as prone to weakness, reflecting a broader range of views in the portfolio than a traditional long-only approach. The manager adjusts positions by combining company analysis, technical signals, proprietary models, and a macro perspective.

• A structure that reflects both long and short views
• Active management that combines company analysis with macro judgment
• An approach that considers market direction and stock selection together

Assets under management (AUM) stand at $15.9M, and the total expense ratio is 0.70% per year.

An active long/short structure can produce a different performance path from index-tracking products. Costs, trading conditions, and the extent of short selling should be checked together through official materials.

Performance is shaped by both long stock selection and short selling decisions, so it may differ from the broader stock market. Even while maintaining exposure to market direction, volatility can increase if individual company calls prove wrong, and differences in management skill can show up in both rising and falling markets.

Fund flows can be affected not only by the overall equity market environment but also by preference for active management, understanding of short-selling strategies, cost burden, and trading conditions. Rather than judging the structure on short-term performance alone, it is worth examining how combining long and short positions affects expected returns and risk.

The flexibility of using two-way stock views is a strength, but the complexity of short selling and active management is a separate risk factor.

The HELO ETF in the comparison table uses a hedge overlay, which differs from the HELS ETF in its approach to defensive design. The CBOX ETF focuses on collateral management and tax considerations, while the FHEQ ETF offers hedged equity exposure. The INFO ETF uses a dynamic large-cap core strategy and the SFTY ETF uses a managed-risk approach, so each product differs in its objective and risk management method. Differences in fees and trading conditions should also be checked.

Before investing in the HELS ETF, you should first understand its use of short selling, which sets it apart from traditional long-only products. You need to confirm whether the product's goal is to track the market or to pursue stock selection and risk management, and whether its costs and distribution policy fit your own investment plan.

Short selling can create greater loss pressure when a stock rises against expectations, and together with errors in long stock selection it can raise portfolio volatility. Because an active strategy does not simply follow the market, it can show a different performance path from ordinary index products, and costs and trading conditions can also affect the return experience.

The HELS ETF is an actively managed product for those who want to participate in the long-term growth of US stocks while also using stock-level bullish and bearish judgments. Because its management structure is more complex than simple market tracking, an investor should understand the short-selling risk and cost burden, then examine how it differs from the hedged, collateral-based, large-cap core, and risk-managed products in the comparison table.