Short Interest in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Drops By 48.1%

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 23,432 shares, a decline of 48.1% from the March 15th total of 45,158 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 35,364 shares, the short-interest ratio is presently 0.7 days.

RH Hedged Multi-Asset Income ETF Trading Up 0.3%

AMAX traded up $0.02 during trading on Monday, reaching $7.90. 67,334 shares of the company’s stock were exchanged, compared to its average volume of 51,925. RH Hedged Multi-Asset Income ETF has a one year low of $7.24 and a one year high of $8.44. The stock has a market capitalization of $51.03 million, a PE ratio of 26.76 and a beta of 0.48. The firm has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $8.07.

RH Hedged Multi-Asset Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a dividend of $0.0816 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) annualized dividend and a yield of 12.4%.

Institutional Trading of RH Hedged Multi-Asset Income ETF

A hedge fund recently bought a new stake in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC bought a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $198,000. Janney Montgomery Scott LLC owned 0.42% of RH Hedged Multi-Asset Income ETF as of its most recent SEC filing.

About RH Hedged Multi-Asset Income ETF

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.