RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Get Free Report) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 1,554 shares, a drop of 93.8% from the October 15th total of 25,163 shares. Based on an average daily volume of 94,138 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.
RH Hedged Multi-Asset Income ETF Stock Down 1.4%
Shares of RH Hedged Multi-Asset Income ETF stock traded down $0.10 during trading on Tuesday, hitting $7.11. 29,937 shares of the company were exchanged, compared to its average volume of 60,372. RH Hedged Multi-Asset Income ETF has a fifty-two week low of $7.10 and a fifty-two week high of $8.50. The stock has a market capitalization of $71.88 million, a price-to-earnings ratio of 26.76 and a beta of 0.48. The firm has a 50 day moving average price of $7.45 and a 200 day moving average price of $7.72.
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 grew its stake in RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX – Free Report) by 125.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 56,466 shares of the company’s stock after acquiring an additional 31,466 shares during the quarter. Janney Montgomery Scott LLC owned about 0.85% of RH Hedged Multi-Asset Income ETF worth $434,000 at the end of the most recent quarter.
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.
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