Counterpoint High Yield Trend ETF
HYTR
New York Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 12770 High Bluff Drive, Suite 380 San Diego CA United States of America 92130
- IPO Date
- Jan 22, 2020
- Website
- cpetfs.com
- Similar Companies
- Business
- Counterpoint High Yield Trend ETF (HYTR) is an exchange-traded fund that employs a quantitative trend-following strategy to dynamically allocate exposure between high yield corporate bond exchange-traded funds and U.S. Treasury exchange-traded funds, seeking to provide defensive diversification in the fixed income space while mitigating downside risk during market turbulence. Managed by Counterpoint Funds, LLC, the ETF tracks the CP High Yield Trend Index, which utilizes a blended score from 101 moving average signals and 101 time-series momentum signals across 202 weighted inputs to determine allocations in 20% increments; these include 100% risk-on positioning in high yield corporate bond ETFs such as iShares iBoxx $ High Yield Corporate Bond ETF (HYG), iShares Broad USD High Yield Corporate Bond ETF (USHY), and SPDR Bloomberg High Yield Bond ETF (JNK) when the score exceeds 90% for at least five days, blended allocations of 80/20, 60/40, 40/60, or 20/80 between high yield and either U.S. 3-7 Year Treasury or T-bill ETFs in intermediate regimes, and 100% risk-off positioning in U.S. Treasury ETFs when the score falls below 10% for five consecutive business days, with a 3% stop-loss rule shifting Treasury exposure to T-bills if triggered. The fund, which launched on January 21, 2020, and is headquartered in San Diego, California at 12760 High Bluff Drive, Suite 2800, operates primarily in the United States with net assets of approximately $226 million as of December 15, 2025, and trades on the NYSE under ticker HYTR following its transfer from NYSE Arca in October 2024. In a significant operational change, Counterpoint Funds announced on October 25, 2024, the listing transfer of HYTR—alongside the Counterpoint Quantitative Equity ETF (CPAI)—to the NYSE effective October 30, 2024, to enhance trading visibility and liquidity without impacting shareholder positions or requiring any action from investors. The ETF maintains a net expense ratio of 0.60% after waivers (excluding acquired fund fees and expenses), with holdings concentrated in five primary positions including high yield ETFs and a sweep vehicle for cash management, targeting investors seeking stock-like liquidity, tax efficiency, and lower volatility compared to traditional high yield bond strategies.