RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Sees Significant Decrease in Short Interest

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totaling 19,546 shares, a drop of 56.4% from the November 30th total of 44,790 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 56,855 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 56,855 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.4% of the shares of the stock are short sold.

RH Hedged Multi-Asset Income ETF Stock Performance

Shares of AMAX opened at $8.07 on Friday. The firm has a market cap of $35.67 million, a price-to-earnings ratio of 26.76 and a beta of 0.47. RH Hedged Multi-Asset Income ETF has a fifty-two week low of $7.06 and a fifty-two week high of $8.43. The firm has a 50 day moving average price of $8.09 and a 200-day moving average price of $8.04.

About RH Hedged Multi-Asset Income ETF

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.