Short Interest in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Increases By 201.7%

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 86,032 shares, an increase of 201.7% from the May 31st total of 28,518 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average daily volume of 21,756 shares, the days-to-cover ratio is presently 4.0 days.

RH Hedged Multi-Asset Income ETF Stock Down 0.1%

Shares of AMAX traded down $0.01 during midday trading on Tuesday, hitting $7.48. The company’s stock had a trading volume of 698 shares, compared to its average volume of 56,793. RH Hedged Multi-Asset Income ETF has a one year low of $7.41 and a one year high of $8.50. The stock has a market capitalization of $56.40 million, a price-to-earnings ratio of 26.76 and a beta of 0.47. The company’s fifty day simple moving average is $7.86 and its two-hundred day simple moving average is $7.95.

Institutional Inflows and Outflows

A hedge fund recently raised its position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC raised its stake in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) by 125.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,466 shares of the company’s stock after acquiring an additional 31,466 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 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.