American Beacon AHL Trend ETF (NYSEARCA:AHLT) Short Interest Up 2,557.6% in July

American Beacon AHL Trend ETF (NYSEARCA:AHLT) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 568,311 shares, a growth of 2,557.6% from the July 15th total of 21,384 shares. Approximately 12.5% of the shares of the company are short sold. Based on an average daily volume of 54,296 shares, the days-to-cover ratio is currently 10.5 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AHLT. Comerica Bank lifted its position in shares of American Beacon AHL Trend ETF by 53.4% during the third quarter. Comerica Bank now owns 7,489 shares of the company’s stock worth $182,000 after acquiring an additional 2,608 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of American Beacon AHL Trend ETF in the first quarter valued at $215,000. Jane Street Group LLC purchased a new position in shares of American Beacon AHL Trend ETF in the fourth quarter valued at $314,000. Essential Partners LLC raised its stake 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 valued at $501,000 after purchasing an additional 383 shares during the period. Finally, Your Advocates Ltd. LLP raised its stake 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 valued at $780,000 after purchasing an additional 6,028 shares during the period.

American Beacon AHL Trend ETF Price Performance

Shares of AHLT traded down $0.04 during trading hours on Tuesday, hitting $29.36. The company’s stock had a trading volume of 709 shares, compared to its average volume of 35,073. The business has a 50 day simple moving average of $28.92 and a two-hundred day simple moving average of $28.82. American Beacon AHL Trend ETF has a 52-week low of $22.00 and a 52-week high of $30.53.

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.