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

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) saw a large increase in short interest in 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 company’s shares are sold short. Based on an average daily volume of 21,756 shares, the days-to-cover ratio is presently 4.0 days.

RH Hedged Multi-Asset Income ETF Price Performance

NYSEARCA AMAX traded down $0.03 during trading on Monday, hitting $7.46. 4,546 shares of the company’s stock traded hands, compared to its average volume of 56,445. The stock has a fifty day moving average of $7.86 and a two-hundred day moving average of $7.96. RH Hedged Multi-Asset Income ETF has a 12-month low of $7.41 and a 12-month high of $8.50. The firm has a market cap of $56.25 million, a P/E ratio of 26.76 and a beta of 0.47.

Hedge Funds Weigh In On RH Hedged Multi-Asset Income ETF

A hedge fund recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC purchased a new position in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) during the fourth quarter, according to its most recent disclosure 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 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

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.