American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Up 937.0% in December

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 37,789 shares, a growth of 937.0% from the December 15th total of 3,644 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 49,204 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily trading volume, of 49,204 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the company’s shares are sold short.

American Beacon GLG Natural Resources ETF Stock Up 2.2%

Shares of NYSEARCA MGNR traded up $1.00 during trading on Monday, hitting $46.98. 123,189 shares of the company traded hands, compared to its average volume of 62,441. The firm has a market capitalization of $398.39 million, a P/E ratio of 22.05 and a beta of 0.89. The company has a 50-day moving average price of $43.08 and a 200-day moving average price of $39.03. American Beacon GLG Natural Resources ETF has a 1 year low of $24.79 and a 1 year high of $47.03.

Institutional Trading of American Beacon GLG Natural Resources ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MGNR. Midland Wealth Advisors LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the third quarter worth $46,234,000. Sendero Wealth Management LLC boosted its position in American Beacon GLG Natural Resources ETF by 21.1% during the 2nd quarter. Sendero Wealth Management LLC now owns 912,866 shares of the company’s stock worth $30,327,000 after purchasing an additional 158,771 shares during the period. Apollon Wealth Management LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the 2nd quarter worth $3,185,000. NewEdge Advisors LLC increased its holdings in American Beacon GLG Natural Resources ETF by 123.7% in the 3rd quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock valued at $5,877,000 after purchasing an additional 80,336 shares in the last quarter. Finally, CW Advisors LLC raised its position in American Beacon GLG Natural Resources ETF by 87.4% in the second quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock valued at $3,258,000 after purchasing an additional 45,748 shares during the period.

American Beacon GLG Natural Resources ETF Company Profile

The American Beacon GLG Natural Resources ETF (MGNR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, seeking long-term capital appreciation through investments in a narrow portfolio of global stocks that are predominantly involved in natural resources and related businesses. MGNR was launched on Feb 5, 2024 and is issued by American Beacon.