RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Stock Short Interest Falls 83.3%

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 25,163 shares, a decrease of 83.3% from the September 30th total of 150,380 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 67,493 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On 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 stake in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) by 125.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund 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 quarter.

RH Hedged Multi-Asset Income ETF Stock Down 0.8%

NYSEARCA AMAX opened at $7.32 on Tuesday. The company has a 50-day moving average price of $7.53 and a 200-day moving average price of $7.77. RH Hedged Multi-Asset Income ETF has a 52 week low of $7.19 and a 52 week high of $8.50. The firm has a market capitalization of $77.67 million, a P/E ratio of 26.76 and a beta of 0.48.

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.