American Beacon AHL Trend ETF (NYSEARCA:AHLT – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 55,730 shares, an increase of 94.2% from the September 15th total of 28,702 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,151 shares, the days-to-cover ratio is currently 1.0 days.
Institutional Investors Weigh In On American Beacon AHL Trend ETF
Large investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp bought a new position in shares of American Beacon AHL Trend ETF during the 1st quarter valued at about $215,000. Your Advocates Ltd. LLP raised its holdings 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 in the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of American Beacon AHL Trend ETF by 7.4% during 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 in the last quarter. Finally, Essential Partners LLC lifted its position 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 worth $501,000 after buying an additional 383 shares during the last quarter.
American Beacon AHL Trend ETF Stock Performance
Shares of NYSEARCA AHLT traded down $0.55 during mid-day trading on Thursday, reaching $30.72. 47,746 shares of the company were exchanged, compared to its average volume of 33,459. American Beacon AHL Trend ETF has a 52 week low of $24.57 and a 52 week high of $32.38. The company’s 50 day moving average price is $30.18 and its 200 day moving average price is $29.34.
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.
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