American Beacon AHL Trend ETF (NYSEARCA:AHLT – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 55,730 shares, a growth of 94.2% from the September 15th total of 28,702 shares. Based on an average daily trading volume, of 56,151 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the shares of the company are short sold.
American Beacon AHL Trend ETF Price Performance
NYSEARCA:AHLT traded down $0.32 during trading hours on Wednesday, hitting $31.18. 23,565 shares of the stock traded hands, compared to its average volume of 33,375. The stock has a 50 day moving average price of $30.12 and a 200 day moving average price of $29.32. American Beacon AHL Trend ETF has a 1 year low of $24.57 and a 1 year high of $32.38.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AHLT. Essential Partners LLC raised its stake 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 valued at $501,000 after purchasing an additional 383 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in American Beacon AHL Trend ETF by 7.4% in the second quarter. Dynamic Advisor Solutions LLC now owns 29,007 shares of the company’s stock worth $838,000 after acquiring an additional 1,989 shares during the period. Your Advocates Ltd. LLP boosted its position in 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 acquiring an additional 6,028 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of American Beacon AHL Trend ETF in the 1st quarter valued at about $215,000.
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.
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