American Beacon AHL Trend ETF (NYSEARCA:AHLT) Shares Shorted: Short Interest Down 43.4% in October

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp acquired a new stake in shares of American Beacon AHL Trend ETF in the 1st quarter valued at $215,000. Essential Partners LLC increased its position in shares of American Beacon AHL Trend ETF by 2.2% during the 1st quarter. Essential Partners LLC now owns 17,746 shares of the company’s stock worth $501,000 after purchasing an additional 383 shares in the last quarter. Your Advocates Ltd. LLP increased 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 worth $780,000 after purchasing an additional 6,028 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position 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 worth $838,000 after purchasing an additional 1,989 shares in the last quarter.

American Beacon AHL Trend ETF Stock Down 2.1%

Shares of AHLT stock opened at $29.35 on Tuesday. The stock’s fifty day simple moving average is $30.42 and its 200 day simple moving average is $29.23. American Beacon AHL Trend ETF has a one year low of $24.57 and a one year high of $32.38.

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.