RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Stock Short Interest Declines 83.3%

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

RH Hedged Multi-Asset Income ETF Stock Performance

Shares of RH Hedged Multi-Asset Income ETF stock opened at $7.32 on Tuesday. The firm has a 50-day simple moving average of $7.53 and a two-hundred day simple moving average of $7.77. The company has a market cap of $77.67 million, a P/E ratio of 26.76 and a beta of 0.48. RH Hedged Multi-Asset Income ETF has a fifty-two week low of $7.19 and a fifty-two week high of $8.50.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC raised its position in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) by 125.9% during the first quarter, according to its most recent filing with the SEC. The institutional investor 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 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.