American Beacon AHL Trend ETF (NYSEARCA:AHLT) Short Interest Up 444.7% in January

American Beacon AHL Trend ETF (NYSEARCA:AHLT) was the target of a large growth in short interest in the month of 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 shares of the company are sold short. 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 shares of the company are sold short.

Hedge Funds Weigh In On American Beacon AHL Trend ETF

Several institutional investors have recently modified their holdings of the company. Abbington Investment Group boosted its holdings in shares of American Beacon AHL Trend ETF by 16.7% in the fourth quarter. Abbington Investment Group now owns 502,556 shares of the company’s stock valued at $13,236,000 after acquiring an additional 72,043 shares in the last quarter. Pursuit Wealth Management LLC bought a new stake in American Beacon AHL Trend ETF during the fourth quarter worth approximately $1,212,000. Your Advocates Ltd. LLP lifted its position in American Beacon AHL Trend ETF by 141.1% in the third quarter. Your Advocates Ltd. LLP now owns 28,185 shares of the company’s stock worth $686,000 after purchasing an additional 16,497 shares during the period. Jane Street Group LLC bought a new position in American Beacon AHL Trend ETF during the 2nd quarter valued at $379,000. Finally, Mutual Advisors LLC acquired a new position in shares of American Beacon AHL Trend ETF during the 2nd quarter valued at $227,000.

American Beacon AHL Trend ETF Stock Performance

NYSEARCA:AHLT opened at $29.35 on Wednesday. The business has a 50 day simple moving average of $26.70 and a 200 day simple moving average of $24.75. American Beacon AHL Trend ETF has a 12-month low of $21.17 and a 12-month high of $29.35.

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.