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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a significant increase in short interest during the month of 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. Currently, 1.1% of the shares of the company are sold short. Based on an average daily trading volume, of 21,756 shares, the short-interest ratio is currently 4.0 days.

Institutional Trading of RH Hedged Multi-Asset Income ETF

An institutional investor recently bought a new stake 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) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 Price Performance

AMAX traded down $0.05 during trading on Friday, reaching $7.49. 21,806 shares of the company’s stock were exchanged, compared to its average volume of 56,899. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.47 and a 1 year high of $8.50. The stock has a market capitalization of $56.47 million, a P/E ratio of 26.76 and a beta of 0.47. The company’s fifty day simple moving average is $7.86 and its 200-day simple moving average is $7.96.

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.