Hedgeye 130/30 Equity ETF (HELS)

The Hedgeye 130/30 Equity ETF (HELS) is an actively managed fund sponsored by Hedgeye Asset Management, an affiliate of the research firm Hedgeye.

The fund follows a 130/30 structure, holding long positions equal to roughly 130 percent of its assets in stocks it favors and short positions of about 30 percent in stocks it expects to underperform. This keeps net market exposure near 100 percent while allowing the managers to express both positive and negative views.

Stock selection draws on Hedgeye's fundamental and macroeconomic research, with holdings focused primarily on U.S. equities.