RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get Free Report) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 86,032 shares, a growth of 201.7% from the May 31st total of 28,518 shares. Based on an average daily volume of 21,756 shares, the short-interest ratio is presently 4.0 days. Currently, 1.1% of the company’s stock are sold short.
RH Hedged Multi-Asset Income ETF Price Performance
NYSEARCA AMAX traded down $0.05 during midday trading on Friday, hitting $7.49. 21,806 shares of the company traded hands, compared to its average volume of 56,899. The company has a market cap of $56.47 million, a PE ratio of 26.76 and a beta of 0.47. RH Hedged Multi-Asset Income ETF has a 52 week low of $7.47 and a 52 week high of $8.50. The company’s 50-day simple moving average is $7.86 and its 200-day simple moving average is $7.96.
Institutional Trading of RH Hedged Multi-Asset Income ETF
A hedge fund recently raised its position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC grew its stake in shares of 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 Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,466 shares of the company’s stock after acquiring an additional 31,466 shares during the quarter. Janney Montgomery Scott LLC owned about 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 as of its most recent SEC filing.
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.
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