RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Down 33.8% in July

by · The Cerbat Gem

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get Free Report) was the recipient of a significant decline in short interest during 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. Based on an average trading volume of 34,064 shares, the short-interest ratio is presently 2.2 days. Approximately 0.8% of the shares of the company are sold short.

RH Hedged Multi-Asset Income ETF Price Performance

Shares of NYSEARCA:AMAX traded up $0.01 during trading on Friday, reaching $7.41. The company had a trading volume of 33,925 shares, compared to its average volume of 53,941. RH Hedged Multi-Asset Income ETF has a fifty-two week low of $7.35 and a fifty-two week high of $8.50. The stock’s fifty day moving average price is $7.61 and its 200 day moving average price is $7.86. The firm has a market capitalization of $67.36 million, a price-to-earnings ratio of 26.76 and a beta of 0.47.

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 acquired a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 25,000 shares of the company’s stock, valued at approximately $198,000. Janney Montgomery Scott LLC owned approximately 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

(Get Free Report)

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.

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