Short Interest in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Declines By 59.0%

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAXGet Free Report) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 11,373 shares, a drop of 59.0% from the January 29th total of 27,768 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 26,023 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 26,023 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are sold short.

RH Hedged Multi-Asset Income ETF Stock Performance

AMAX stock traded up $0.03 during trading on Friday, hitting $8.16. The stock had a trading volume of 30,377 shares, compared to its average volume of 53,479. The stock has a market cap of $48.63 million, a price-to-earnings ratio of 26.76 and a beta of 0.47. The company’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $8.10. RH Hedged Multi-Asset Income ETF has a 1-year low of $7.06 and a 1-year high of $8.44.

RH Hedged Multi-Asset Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were given a dividend of $0.0816 per share. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Investors Weigh In On RH Hedged Multi-Asset Income ETF

An institutional investor recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAXFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $198,000. Janney Montgomery Scott LLC owned about 0.42% of RH Hedged Multi-Asset Income ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

RH Hedged Multi-Asset Income ETF Company Profile

(Get Free Report)

The RH Hedged Multi-Asset Income ETF (AMAX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund actively manages a global portfolio of equities and fixed income securities aiming for total return. The fund uses a market trend model to initiate periods of hedging. AMAX was launched on Oct 2, 2009 and is managed by Adaptive.

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