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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get Free Report) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 25,163 shares, a decline of 83.3% from the September 30th total of 150,380 shares. Based on an average trading volume of 67,493 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

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 RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Free Report) by 125.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

RH Hedged Multi-Asset Income ETF Stock Up 1.8%

Shares of AMAX stock traded up $0.13 during trading on Wednesday, reaching $7.50. 67,850 shares of the company’s stock were exchanged, compared to its average volume of 58,727. RH Hedged Multi-Asset Income ETF has a twelve month low of $7.19 and a twelve month high of $8.50. The firm’s fifty day moving average price is $7.52 and its 200-day moving average price is $7.76. The stock has a market capitalization of $79.58 million, a PE ratio of 26.76 and a beta of 0.48.

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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