American Beacon AHL Trend ETF (NYSEARCA:AHLT) Sees Large Decrease in Short Interest

American Beacon AHL Trend ETF (NYSEARCA:AHLT) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 11,681 shares, a drop of 97.9% from the July 30th total of 568,311 shares. Based on an average trading volume of 8,518 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are short sold.

American Beacon AHL Trend ETF Stock Performance

American Beacon AHL Trend ETF stock opened at $29.01 on Thursday. The business has a 50-day simple moving average of $28.99 and a 200 day simple moving average of $28.87. American Beacon AHL Trend ETF has a 52 week low of $22.28 and a 52 week high of $30.53.

Institutional Trading of American Beacon AHL Trend ETF

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in American Beacon AHL Trend ETF during the 2nd quarter valued at $379,000. Comerica Bank increased its position in shares of American Beacon AHL Trend ETF by 53.4% in the third quarter. Comerica Bank now owns 7,489 shares of the company’s stock valued at $182,000 after acquiring an additional 2,608 shares during the period. Your Advocates Ltd. LLP increased its position in shares of American Beacon AHL Trend ETF by 28.0% in the first quarter. Your Advocates Ltd. LLP now owns 27,588 shares of the company’s stock valued at $780,000 after acquiring an additional 6,028 shares during the period. Fifth Third Bancorp bought a new position in shares of American Beacon AHL Trend ETF during the first quarter valued at about $215,000. Finally, Essential Partners LLC raised its stake in shares of American Beacon AHL Trend ETF by 2.2% during the first quarter. Essential Partners LLC now owns 17,746 shares of the company’s stock valued at $501,000 after acquiring an additional 383 shares during the last quarter.

American Beacon AHL Trend ETF Company Profile

The American Beacon AHL Trend ETF (AHLT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks capital growth through a systematic, trend-following, managed futures strategy. Using technical analysis, the fund actively manages a wide range of derivatives linked to commodities, stocks indexes, currencies, bonds and interest rates. AHLT was launched on Aug 30, 2023 and is issued by American Beacon.