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

American Beacon AHL Trend ETF (NYSEARCA:AHLT) was the recipient of a large decline in short interest in 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. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 26,540 shares, the short-interest ratio is currently 1.2 days.

American Beacon AHL Trend ETF Stock Performance

AHLT stock traded down $0.46 on Friday, reaching $29.98. The company’s stock had a trading volume of 3,102 shares, compared to its average volume of 32,257. American Beacon AHL Trend ETF has a 52 week low of $24.57 and a 52 week high of $32.38. The firm has a fifty day moving average of $30.42 and a two-hundred day moving average of $29.23.

Hedge Funds Weigh In On American Beacon AHL Trend ETF

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp bought a new stake in shares of American Beacon AHL Trend ETF in the 1st quarter worth approximately $215,000. Your Advocates Ltd. LLP lifted its position in shares of American Beacon AHL Trend ETF by 28.0% in the first 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. Dynamic Advisor Solutions LLC increased its stake 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 valued at $838,000 after buying an additional 1,989 shares during the period. Finally, 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 acquiring an additional 383 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.