Adaptive High Income ETF (NYSEARCA:AHHX) Trading Down 0.1% – Time to Sell?
by Danessa Lincoln · The Markets DailyAdaptive High Income ETF (NYSEARCA:AHHX – Get Free Report)’s stock price fell 0.1% during mid-day trading on Monday . The company traded as low as $8.17 and last traded at $8.33. 36,000 shares were traded during mid-day trading, a decline of 27% from the average session volume of 49,480 shares. The stock had previously closed at $8.3346.
Adaptive High Income ETF Stock Performance
The firm has a market cap of $25.91 million, a price-to-earnings ratio of 13.87 and a beta of 0.66. The business’s 50 day moving average price is $8.33 and its 200 day moving average price is $8.33.
About Adaptive High Income ETF
The Adaptive High Income ETF (AHHX) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed global portfolio of income-producing securities including fixed income, MLPs and REITS. The fund uses a market trend analysis to initiate periods of hedging. AHHX was launched on Sep 20, 2021 and is managed by Adaptive.