RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Down 61.4% in May

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 28,518 shares, a drop of 61.4% from the May 14th total of 73,939 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 78,304 shares, the short-interest ratio is currently 0.4 days.

RH Hedged Multi-Asset Income ETF Price Performance

Shares of NYSEARCA:AMAX traded up $0.01 during mid-day trading on Friday, reaching $7.69. 39,822 shares of the company were exchanged, compared to its average volume of 59,670. The firm has a market cap of $57.98 million, a price-to-earnings ratio of 26.76 and a beta of 0.47. The firm’s 50-day simple moving average is $7.90 and its 200 day simple moving average is $7.98. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.55 and a 1 year high of $8.44.

Hedge Funds Weigh In On RH Hedged Multi-Asset Income ETF

An institutional investor recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC acquired 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 disclosure with the SEC. The firm acquired 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 filing with the SEC.

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.