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

American Beacon AHL Trend ETF (NYSEARCA:AHLT) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 31,552 shares, a decrease of 43.4% from the September 30th total of 55,730 shares. Based on an average trading volume of 26,540 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are sold short.

American Beacon AHL Trend ETF Stock Down 1.5%

AHLT stock traded down $0.46 during trading on Friday, reaching $29.98. 3,102 shares of the stock were exchanged, compared to its average volume of 32,257. The stock has a 50 day simple moving average of $30.42 and a 200-day simple moving average of $29.23. American Beacon AHL Trend ETF has a twelve month low of $24.57 and a twelve month high of $32.38.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new position in shares of American Beacon AHL Trend ETF during the first quarter worth $215,000. Essential Partners LLC increased its stake in American Beacon AHL Trend ETF by 2.2% in the 1st quarter. Essential Partners LLC now owns 17,746 shares of the company’s stock valued at $501,000 after buying an additional 383 shares during the last quarter. Your Advocates Ltd. LLP raised its holdings in American Beacon AHL Trend ETF by 28.0% during the first quarter. Your Advocates Ltd. LLP now owns 27,588 shares of the company’s stock worth $780,000 after acquiring an additional 6,028 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC boosted its holdings in shares of American Beacon AHL Trend ETF by 7.4% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 29,007 shares of the company’s stock valued at $838,000 after buying an additional 1,989 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.