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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAXGet Free Report) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 21,138 shares, a decline of 77.5% from the April 15th total of 93,820 shares. Based on an average trading volume of 123,120 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.3% of the company’s stock are sold short.

RH Hedged Multi-Asset Income ETF Stock Up 0.4%

RH Hedged Multi-Asset Income ETF stock traded up $0.03 during trading on Wednesday, reaching $8.11. The stock had a trading volume of 32,865 shares, compared to its average volume of 60,240. RH Hedged Multi-Asset Income ETF has a 52-week low of $7.55 and a 52-week high of $8.44. The stock has a market cap of $61.15 million, a PE ratio of 26.76 and a beta of 0.47. The business has a 50 day moving average price of $7.91 and a 200 day moving average price of $8.02.

RH Hedged Multi-Asset Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 26th were issued a dividend of $0.0816 per share. This represents a c) annualized dividend and a yield of 12.1%. The ex-dividend date was Thursday, February 26th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC purchased a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAXFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 as of its most recent SEC filing.

RH Hedged Multi-Asset Income ETF Company Profile

(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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