RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) Short Interest Update

RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 21,138 shares, a decrease of 77.5% from the April 15th total of 93,820 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 123,120 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On RH Hedged Multi-Asset Income ETF

An institutional investor recently bought a new position in RH Hedged Multi-Asset Income ETF stock. Janney Montgomery Scott LLC bought a new position in shares of RH Hedged Multi-Asset Income ETF (NYSEARCA:AMAX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 as of its most recent SEC filing.

RH Hedged Multi-Asset Income ETF Trading Down 1.1%

RH Hedged Multi-Asset Income ETF stock traded down $0.09 during trading hours on Friday, reaching $8.00. 245,359 shares of the company were exchanged, compared to its average volume of 61,824. The firm has a market cap of $60.32 million, a price-to-earnings ratio of 26.76 and a beta of 0.47. The stock has a 50-day moving average of $7.91 and a 200 day moving average of $8.02. RH Hedged Multi-Asset Income ETF has a 12 month low of $7.55 and a 12 month high of $8.44.

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 given a dividend of $0.0816 per share. The ex-dividend date of this dividend was Thursday, February 26th. This represents a c) dividend on an annualized basis and a yield of 12.2%.

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.