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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAXGet Free Report) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 73,939 shares, an increase of 249.8% from the April 30th total of 21,138 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 61,719 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On 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 raised its position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAXFree Report) by 125.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,466 shares of the company’s stock after purchasing an additional 31,466 shares during the period. Janney Montgomery Scott LLC owned 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

RH Hedged Multi-Asset Income ETF Stock Up 0.6%

NYSEARCA AMAX traded up $0.05 during trading hours on Friday, reaching $7.92. 14,258 shares of the company were exchanged, compared to its average volume of 57,932. The stock has a market capitalization of $59.72 million, a P/E ratio of 26.76 and a beta of 0.47. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.55 and a 1 year high of $8.44. The business’s 50 day simple moving average is $7.89 and its 200-day simple moving average is $8.01.

RH Hedged Multi-Asset Income ETF Company Profile

(Get Free Report)

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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