American Beacon AHL Trend ETF (NYSEARCA:AHLT – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 4,570 shares, a decrease of 60.9% from the August 15th total of 11,681 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 3,832 shares, the short-interest ratio is presently 1.2 days.
American Beacon AHL Trend ETF Stock Up 0.7%
AHLT traded up $0.21 during trading on Friday, reaching $30.43. 6,144 shares of the stock were exchanged, compared to its average volume of 32,777. American Beacon AHL Trend ETF has a 1 year low of $23.15 and a 1 year high of $30.53. The business’s 50 day moving average price is $29.19 and its two-hundred day moving average price is $28.95.
Hedge Funds Weigh In On American Beacon AHL Trend ETF
Several hedge funds have recently added to or reduced their stakes in the business. Comerica Bank raised its position in 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 during the last quarter. Fifth Third Bancorp acquired a new stake in shares of American Beacon AHL Trend ETF in the first quarter valued at approximately $215,000. Jane Street Group LLC purchased a new position in shares of American Beacon AHL Trend ETF during the 4th quarter worth approximately $314,000. Essential Partners LLC increased 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 worth $501,000 after purchasing an additional 383 shares in the last quarter. Finally, Your Advocates Ltd. LLP raised its position 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 worth $780,000 after purchasing an additional 6,028 shares during the last quarter.
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.
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