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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 75,699 shares, a decline of 33.8% from the June 30th total of 114,302 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 34,064 shares, the short-interest ratio is presently 2.2 days.

RH Hedged Multi-Asset Income ETF Price Performance

Shares of NYSEARCA AMAX opened at $7.40 on Friday. The stock has a fifty day moving average price of $7.62 and a 200 day moving average price of $7.87. RH Hedged Multi-Asset Income ETF has a 1-year low of $7.36 and a 1-year high of $8.50. The company has a market cap of $67.27 million, a PE ratio of 26.76 and a beta of 0.47.

Institutional Investors Weigh In On RH Hedged Multi-Asset Income ETF

A hedge fund recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC purchased a new stake in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) in the 4th quarter, according to its most recent Form 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 0.42% of RH Hedged Multi-Asset Income ETF at the end of the most recent reporting period.

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.