Short Interest in American Beacon AHL Trend ETF (NYSEARCA:AHLT) Drops By 97.9%

American Beacon AHL Trend ETF (NYSEARCA:AHLT) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 11,681 shares, a drop of 97.9% from the July 30th total of 568,311 shares. Based on an average daily volume of 8,518 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.3% of the shares of the company are sold short.

American Beacon AHL Trend ETF Price Performance

Shares of American Beacon AHL Trend ETF stock traded down $0.41 on Tuesday, reaching $28.77. The stock had a trading volume of 2,384 shares, compared to its average volume of 33,204. The business’s 50-day moving average price is $28.99 and its two-hundred day moving average price is $28.86. American Beacon AHL Trend ETF has a fifty-two week low of $22.28 and a fifty-two week high of $30.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank lifted its position in American Beacon AHL Trend ETF by 53.4% during the 3rd quarter. Comerica Bank now owns 7,489 shares of the company’s stock worth $182,000 after acquiring an additional 2,608 shares during the last quarter. Fifth Third Bancorp acquired a new stake in shares of American Beacon AHL Trend ETF in the first quarter valued at about $215,000. Jane Street Group LLC bought a new position in shares of American Beacon AHL Trend ETF in the fourth quarter worth about $314,000. Essential Partners LLC increased its stake 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 purchasing an additional 383 shares during the period. 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 worth $780,000 after purchasing 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.