RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Down 33.8% in July

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 75,699 shares, a decrease of 33.8% from the June 30th total of 114,302 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily trading volume, of 34,064 shares, the days-to-cover ratio is presently 2.2 days.

RH Hedged Multi-Asset Income ETF Stock Performance

Shares of NYSEARCA:AMAX opened at $7.41 on Friday. The stock’s 50-day simple moving average is $7.61 and its two-hundred day simple moving average is $7.86. RH Hedged Multi-Asset Income ETF has a 52-week low of $7.35 and a 52-week high of $8.50. The stock has a market capitalization of $67.36 million, a price-to-earnings ratio of 26.76 and a beta of 0.47.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC raised its position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) by 125.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,466 shares of the company’s stock after purchasing an additional 31,466 shares during the quarter. Janney Montgomery Scott LLC owned 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 as of its most recent SEC filing.

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.