Hedgeye Index Adds ETF
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Key stats
Details
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Inception date
May 27, 2026
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Hedgeye Asset Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US26923V6395
CUSIP
26923V639
FIGI
BBG022LF16H3
Identifiers
ISIN US26923V6395
ADDS employs an index-rebalance strategy designed to capture the potential short-term price appreciation when companies are added to major US stock indices such as the S&P 500, S&P 400, S&P 600, and Nasdaq-100. The fund uses machine learning and quantitative models to identify US-listed companies with a high likelihood of index inclusion based on factors such as capitalization, liquidity, and profitability. The portfolio holds about 40 stocks, weighted by the probability of index inclusion and the expected impact of passive index fund buying on each stock's share price. The strategy is based on the rules of major US stock indices, which require index-tracking funds to purchase newly added constituents regardless of valuation, often creating temporary upward price pressure. The fund may also use ETFs, options, cash, cash equivalents, and hedging strategies when appropriate. ADDS will not hold existing S&P 500 constituents and exit positions at the market close on the inclusion date.
Classification
What's in the fund
Exposure type
Technology Services
Health Technology
Industrial Services
Electronic Technology
Non-Energy Minerals
Breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Frequently asked questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ADDS trades at 25.74 USD today, its price has fallen −0.43% in the past 24 hours. Track more dynamics on ADDS price chart.
ADDS net asset value is 25.70 today — it's risen 0.44% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ADDS assets under management is 4.90 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ADDS fund flows account for 5.10 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ADDS invests in stocks. See more details in our Profile section.
ADDS expense ratio is 0.70%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ADDS isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, ADDS doesn't pay dividends to its holders.
ADDS trades at a premium (0.16%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ADDS shares are issued by S.C.M. Edge, LLC
ADDS follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on May 27, 2026.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.