Short Interest in American Beacon AHL Trend ETF (NYSEARCA:AHLT) Expands By 444.7%

American Beacon AHL Trend ETF (NYSEARCA:AHLT) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 23,732 shares, a growth of 444.7% from the December 31st total of 4,357 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average daily volume of 17,232 shares, the days-to-cover ratio is currently 1.4 days. Based on an average daily volume of 17,232 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.3% of the company’s stock are short sold.

Institutional Trading of American Beacon AHL Trend ETF

Hedge funds have recently modified their holdings of the stock. Comerica Bank boosted its holdings in American Beacon AHL Trend ETF by 53.4% in the third quarter. Comerica Bank now owns 7,489 shares of the company’s stock valued at $182,000 after purchasing an additional 2,608 shares during the period. Mutual Advisors LLC acquired a new stake in American Beacon AHL Trend ETF in the 2nd quarter valued at about $227,000. Your Advocates Ltd. LLP boosted its stake in shares of American Beacon AHL Trend ETF by 20.4% in the 2nd quarter. Your Advocates Ltd. LLP now owns 11,688 shares of the company’s stock valued at $259,000 after buying an additional 1,982 shares during the period. Jane Street Group LLC acquired a new position in shares of American Beacon AHL Trend ETF during the second quarter worth about $379,000. Finally, Pursuit Wealth Management LLC purchased a new stake in shares of American Beacon AHL Trend ETF during the fourth quarter worth approximately $1,212,000.

American Beacon AHL Trend ETF Stock Performance

Shares of AHLT stock opened at $29.35 on Wednesday. American Beacon AHL Trend ETF has a fifty-two week low of $21.17 and a fifty-two week high of $29.35. The company has a 50 day moving average price of $26.70 and a 200 day moving average price of $24.75.

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.