RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Update

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 44,903 shares, a growth of 294.8% from the February 12th total of 11,373 shares. Based on an average daily trading volume, of 54,938 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 54,938 shares, the days-to-cover ratio is presently 0.8 days.

RH Hedged Multi-Asset Income ETF Stock Performance

Shares of NYSEARCA AMAX traded down $0.05 during mid-day trading on Thursday, reaching $7.98. The company’s stock had a trading volume of 41,870 shares, compared to its average volume of 57,808. The stock has a 50-day moving average of $8.11 and a two-hundred day moving average of $8.11. The stock has a market capitalization of $47.56 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 $7.06 and a 1-year high of $8.44.

RH Hedged Multi-Asset Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a $0.0816 dividend. The ex-dividend date was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 12.3%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC bought a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 at the end of the most recent reporting period.

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.