Shares of Adaptive High Income ETF (NYSEARCA:AHHX – Get Free Report) dropped 0.1% during trading on Tuesday . The company traded as low as $8.17 and last traded at $8.33. Approximately 36,000 shares were traded during trading, a decline of 27% from the average daily volume of 49,480 shares. The stock had previously closed at $8.3346.
Adaptive High Income ETF Price Performance
The firm’s fifty day simple moving average is $8.33 and its 200 day simple moving average is $8.33. The company has a market capitalization of $25.91 million, a price-to-earnings ratio of 13.87 and a beta of 0.66.
About Adaptive High Income ETF
The Adaptive High Income ETF (AHHX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed global portfolio of income-producing securities including fixed income, MLPs and REITS. The fund uses a market trend analysis to initiate periods of hedging. AHHX was launched on Sep 20, 2021 and is managed by Adaptive.
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