Adaptive High Income ETF (NYSEARCA:AHHX) Shares Down 0.1% – Here’s Why

Adaptive High Income ETF (NYSEARCA:AHHX)’s stock price fell 0.1% on Wednesday . The company traded as low as $8.17 and last traded at $8.33. 36,000 shares traded hands during 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 stock has a market cap of $25.91 million, a P/E ratio of 13.87 and a beta of 0.66. The firm’s fifty day simple moving average is $8.33 and its 200-day simple moving average is $8.33.

Adaptive High Income ETF Company Profile

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.