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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 114,520 shares, a growth of 53.4% from the August 31st total of 74,657 shares. Based on an average trading volume of 151,257 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.1% of the company’s shares are short sold.

RH Hedged Multi-Asset Income ETF Trading Down 0.7%

AMAX stock opened at $7.42 on Friday. The company has a market cap of $74.13 million, a PE ratio of 26.76 and a beta of 0.48. The stock has a 50-day moving average price of $7.56 and a two-hundred day moving average price of $7.69. RH Hedged Multi-Asset Income ETF has a 12-month low of $7.35 and a 12-month high of $8.50.

Institutional Trading of RH Hedged Multi-Asset Income ETF

A hedge fund recently raised its stake in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC raised its holdings in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) by 125.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,466 shares of the company’s stock after buying an additional 31,466 shares during the period. Janney Montgomery Scott LLC owned about 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 at the end of the most recent reporting period.

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.