American Beacon AHL Trend ETF (NYSEARCA:AHLT) Short Interest Up 2,557.6% in July

American Beacon AHL Trend ETF (NYSEARCA:AHLT) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 568,311 shares, an increase of 2,557.6% from the July 15th total of 21,384 shares. Approximately 12.5% of the shares of the company are short sold. Based on an average daily trading volume, of 54,296 shares, the days-to-cover ratio is currently 10.5 days.

American Beacon AHL Trend ETF Stock Performance

NYSEARCA AHLT traded down $0.04 during trading hours on Tuesday, reaching $29.36. 709 shares of the company were exchanged, compared to its average volume of 35,073. American Beacon AHL Trend ETF has a 1 year low of $22.00 and a 1 year high of $30.53. The business’s 50 day simple moving average is $28.92 and its 200-day simple moving average is $28.82.

Institutional Investors Weigh In On American Beacon AHL Trend ETF

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in American Beacon AHL Trend ETF in the second quarter valued at approximately $379,000. Comerica Bank increased its position in American Beacon AHL Trend ETF by 53.4% in the third quarter. Comerica Bank now owns 7,489 shares of the company’s stock worth $182,000 after buying an additional 2,608 shares during the last quarter. Abbington Investment Group raised its stake in shares of American Beacon AHL Trend ETF by 16.7% in the fourth quarter. Abbington Investment Group now owns 502,556 shares of the company’s stock valued at $13,236,000 after buying an additional 72,043 shares during the period. Pursuit Wealth Management LLC purchased a new position in shares of American Beacon AHL Trend ETF during the 4th quarter valued at $1,212,000. Finally, Your Advocates Ltd. LLP lifted its position in shares of American Beacon AHL Trend ETF by 28.0% during the 1st 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 during the last quarter.

About American Beacon AHL Trend ETF

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.