RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Update

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 28,518 shares, a decrease of 61.4% from the May 14th total of 73,939 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 78,304 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of RH Hedged Multi-Asset Income ETF

An institutional investor recently raised its position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC lifted its holdings in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) by 125.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,466 shares of the company’s stock after acquiring an additional 31,466 shares during the period. Janney Montgomery Scott LLC owned approximately 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 as of its most recent SEC filing.

RH Hedged Multi-Asset Income ETF Stock Up 0.1%

Shares of AMAX traded up $0.01 on Friday, hitting $7.69. 39,822 shares of the stock traded hands, compared to its average volume of 59,670. The firm has a market capitalization of $57.98 million, a P/E ratio of 26.76 and a beta of 0.47. The stock’s 50 day moving average is $7.90 and its two-hundred day moving average is $7.98. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.55 and a 1 year high of $8.44.

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.