American Beacon AHL Trend ETF (NYSEARCA:AHLT) Stock Short Interest Climbs 528.1%

American Beacon AHL Trend ETF (NYSEARCA:AHLT) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 28,702 shares, a growth of 528.1% from the August 31st total of 4,570 shares. Based on an average trading volume of 32,818 shares, the short-interest ratio is currently 0.9 days. Currently, 0.5% of the company’s stock are short sold.

American Beacon AHL Trend ETF Stock Performance

NYSEARCA AHLT traded down $0.09 during trading hours on Friday, hitting $31.17. 17,337 shares of the company traded hands, compared to its average volume of 33,948. The business’s 50-day moving average is $29.56 and its 200-day moving average is $29.08. American Beacon AHL Trend ETF has a twelve month low of $23.96 and a twelve month high of $31.33.

Hedge Funds Weigh In On American Beacon AHL Trend ETF

Several hedge funds and other institutional investors have recently made changes to their positions in AHLT. Essential Partners LLC raised its position in American Beacon AHL Trend ETF by 2.2% during 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 in the last quarter. Dynamic Advisor Solutions LLC increased its stake 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 during the last quarter. Your Advocates Ltd. LLP lifted its stake 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 last quarter. Finally, Fifth Third Bancorp acquired a new stake in American Beacon AHL Trend ETF in the 1st quarter valued at about $215,000.

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.