American Beacon AHL Trend ETF (NYSEARCA:AHLT) Sees Significant Decline in Short Interest

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

American Beacon AHL Trend ETF Price Performance

Shares of NYSEARCA AHLT traded down $0.63 during trading hours on Monday, hitting $29.35. 18,422 shares of the stock were exchanged, compared to its average volume of 32,192. The company’s 50 day moving average is $30.42 and its 200 day 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.

Hedge Funds Weigh In On American Beacon AHL Trend ETF

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in American Beacon AHL Trend ETF during the 1st quarter valued at approximately $215,000. Essential Partners LLC raised its stake in 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 valued at $501,000 after purchasing an additional 383 shares during the last quarter. Your Advocates Ltd. LLP boosted its holdings in 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 purchasing an additional 6,028 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in American Beacon AHL Trend ETF by 7.4% in 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 during the last quarter.

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.