American Beacon AHL Trend ETF (NYSEARCA:AHLT – Get Free Report) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 55,730 shares, a growth of 94.2% from the September 15th total of 28,702 shares. Based on an average trading volume of 56,151 shares, the short-interest ratio is presently 1.0 days. Approximately 0.9% of the company’s stock are sold short.
American Beacon AHL Trend ETF Price Performance
AHLT stock traded down $0.32 during midday trading on Wednesday, hitting $31.18. The stock had a trading volume of 23,565 shares, compared to its average volume of 33,375. The business has a 50-day moving average of $30.12 and a two-hundred day moving average of $29.32. American Beacon AHL Trend ETF has a 52-week low of $24.57 and a 52-week high of $32.38.
Hedge Funds Weigh In On American Beacon AHL Trend ETF
Several large investors have recently made changes to their positions in AHLT. Fifth Third Bancorp purchased a new stake in shares of American Beacon AHL Trend ETF in the 1st quarter worth approximately $215,000. Essential Partners LLC increased its position 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 buying an additional 383 shares in the last quarter. Your Advocates Ltd. LLP increased its position in 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 buying an additional 6,028 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC raised its stake in American Beacon AHL Trend ETF by 7.4% during the second 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 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.
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