Short Interest in American Beacon AHL Trend ETF (NYSEARCA:AHLT) Drops By 60.9%

American Beacon AHL Trend ETF (NYSEARCA:AHLT) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 4,570 shares, a decline of 60.9% from the August 15th total of 11,681 shares. Based on an average daily volume of 3,832 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the shares of the company are short sold.

American Beacon AHL Trend ETF Stock Performance

NYSEARCA AHLT traded up $0.21 on Friday, hitting $30.43. 6,144 shares of the company’s stock were exchanged, compared to its average volume of 32,777. The firm’s 50-day moving average price is $29.19 and its two-hundred day moving average price is $28.95. American Beacon AHL Trend ETF has a fifty-two week low of $23.15 and a fifty-two week high of $30.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Comerica Bank boosted its position in shares of American Beacon AHL Trend ETF by 53.4% during the 3rd quarter. Comerica Bank now owns 7,489 shares of the company’s stock worth $182,000 after purchasing an additional 2,608 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of American Beacon AHL Trend ETF in the first quarter valued at about $215,000. Jane Street Group LLC purchased a new stake in American Beacon AHL Trend ETF during the fourth quarter worth about $314,000. Essential Partners LLC grew its position in 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 worth $501,000 after buying an additional 383 shares during the period. Finally, Your Advocates Ltd. LLP increased its holdings in 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 buying an additional 6,028 shares in 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.