RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Up 249.8% in May

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

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 purchased a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 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 at the end of the most recent quarter.

RH Hedged Multi-Asset Income ETF Stock Up 0.6%

AMAX stock traded up $0.05 during trading on Friday, reaching $7.92. The stock had a trading volume of 14,258 shares, compared to its average volume of 57,932. The company has a market capitalization of $59.72 million, a price-to-earnings ratio of 26.76 and a beta of 0.47. RH Hedged Multi-Asset Income ETF has a one year low of $7.55 and a one year high of $8.44. The company’s 50 day moving average is $7.89 and its two-hundred day moving average is $8.01.

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.