RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Sees Significant Increase in Short Interest

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 73,939 shares, an increase of 249.8% from the April 30th total of 21,138 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 61,719 shares, the short-interest ratio is currently 1.2 days.

RH Hedged Multi-Asset Income ETF Stock Performance

NYSEARCA:AMAX traded up $0.04 on Friday, hitting $7.91. The stock had a trading volume of 555,854 shares, compared to its average volume of 63,275. The stock has a market cap of $59.64 million, a P/E ratio of 26.76 and a beta of 0.47. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.55 and a 1 year high of $8.44. The firm’s fifty day simple moving average is $7.89 and its two-hundred day simple moving average is $8.00.

Institutional Investors 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 purchased a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,000 shares of the company’s stock, valued at approximately $198,000. Janney Montgomery Scott LLC owned about 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.