RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get 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
RH Hedged Multi-Asset Income ETF Company Profile
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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