RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Down 77.5% in April

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get Free Report) saw a large decline in short interest in 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. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 123,120 shares, the short-interest ratio is presently 0.2 days.

RH Hedged Multi-Asset Income ETF Stock Down 0.9%

AMAX traded down $0.07 during trading hours on Friday, hitting $8.02. The stock had a trading volume of 245,069 shares, compared to its average volume of 61,813. The company’s fifty day simple moving average is $7.91 and its 200 day simple moving average is $8.02. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.55 and a 1 year high of $8.44. The stock has a market cap of $60.47 million, a PE ratio of 26.76 and a beta of 0.47.

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RH Hedged Multi-Asset Income ETF Cuts Dividend

The business also recently announced 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) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend 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 acquired a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

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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