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

American Beacon AHL Trend ETF (NYSEARCA:AHLT) was the target of a significant increase in short interest during 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. Currently, 12.5% of the shares of the stock are sold short. Based on an average trading volume of 54,296 shares, the days-to-cover ratio is currently 10.5 days.

American Beacon AHL Trend ETF Stock Down 0.1%

Shares of AHLT opened at $29.36 on Wednesday. The stock has a 50 day simple moving average of $28.91 and a two-hundred day simple moving average of $28.83. American Beacon AHL Trend ETF has a 1 year low of $22.00 and a 1 year high of $30.53.

Institutional Investors Weigh In On American Beacon AHL Trend ETF

A number of institutional investors have recently made changes to their positions in the business. Comerica Bank grew its holdings 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 valued at $182,000 after purchasing an additional 2,608 shares during the last quarter. Fifth Third Bancorp purchased a new stake in American Beacon AHL Trend ETF during the first quarter valued at about $215,000. Jane Street Group LLC purchased a new position in shares of American Beacon AHL Trend ETF in the fourth quarter worth about $314,000. Essential Partners LLC increased its holdings in shares of American Beacon AHL Trend ETF by 2.2% in 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 lifted its stake in shares of American Beacon AHL Trend ETF by 28.0% in 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 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.