RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 114,520 shares, a growth of 53.4% from the August 31st total of 74,657 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily volume of 151,257 shares, the short-interest ratio is presently 0.8 days.
RH Hedged Multi-Asset Income ETF Stock Performance
RH Hedged Multi-Asset Income ETF stock opened at $7.47 on Friday. The firm’s 50-day moving average is $7.56 and its 200-day moving average is $7.69. RH Hedged Multi-Asset Income ETF has a 1 year low of $7.35 and a 1 year high of $8.50. The company has a market cap of $74.63 million, a P/E ratio of 26.76 and a beta of 0.48.
Hedge Funds Weigh In On RH Hedged Multi-Asset Income ETF
A hedge fund recently raised its position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC raised its stake in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Free Report) by 125.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,466 shares of the company’s stock after acquiring an additional 31,466 shares during the period. Janney Montgomery Scott LLC owned 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 as of its most recent SEC filing.
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.
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