Unlimited HFEQ Equity Long/Short ETF
HFEQ
New York Stock Exchange22.55
USD
-0.39
(-1.02%)
Unlimited HFEQ Equity Long/Short ETF
HFEQ
(New York Stock Exchange)
Recent
price
22.55
P/E
ratio
20.37
div
yld
- -
ROIC.AI
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- Business
- Unlimited HFEQ Equity Long/Short ETF (HFEQ) is an actively managed exchange-traded fund that seeks capital appreciation by creating an investment portfolio with return characteristics similar to the gross-of-fees returns of the hedge fund industry's Equity Long/Short sector, while targeting a volatility level approximately twice that of the sector; it primarily invests at least 80% of its net assets in broad-based equity exchange-traded funds tracking global economic sectors, investment styles, and factors, as well as listed futures contracts, with frequent trading of holdings based on ongoing proprietary analyses of hedge fund indices. The fund, sub-advised by Unlimited Funds, Inc., employs a data-driven process to replicate sector positioning through liquid instruments without direct hedge fund investments, leverage beyond regulatory limits, or illiquid assets, offering lower fees of 0.95%, tax efficiency, and diversification benefits relative to traditional hedge funds. Listed on NYSE Arca, HFEQ targets investors seeking hedge fund-style alpha with reduced costs and paperwork, maintaining approximately 23 holdings including Vanguard US Momentum Factor ETF, Euro Stoxx 50 futures, Nikkei futures, and Vanguard Value ETF. A series of Tidal ETF Trust, organized as a Delaware statutory trust in 2018 with administrative headquarters c/o Tidal Investments LLC in Milwaukee, Wisconsin, HFEQ operates within the Long/Short Equity category of the global equities segment, serving taxable and institutional investors focused on alternative strategies uncorrelated to broad markets. Tidal Investments LLC, part of Tidal Financial Group founded in 2012, acts as investment adviser, while sub-adviser Unlimited Funds, Inc., headquartered in New York, New York, provides systematic portfolio management leveraging its experience in hedge fund replication across multiple ETF strategies. Launched on July 14, 2025, as part of Unlimited's expansion of its hedge fund replication ETF lineup, HFEQ debuted alongside the Unlimited HFMF Managed Futures ETF to deliver transparent, liquid access to equity long/short returns via ETFs and futures, building on prior launches like Unlimited HFGM Global Macro ETF in April 2025 and the existing Unlimited HFND Multi-Strategy Return Tracker ETF. With assets under management around $20-24 million as of late 2025, the fund reflects ongoing SEC filings and prospectus updates through February 2025, emphasizing its non-diversified status under the 1940 Act while qualifying as a regulated investment company. No major acquisitions, partnerships, funding rounds, or strategic shifts beyond its inaugural launch and routine portfolio adjustments are reported in the past 1-2 years.
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