American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Update

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large growth in short interest in January. As of January 15th, there was short interest totaling 136,954 shares, a growth of 262.4% from the December 31st total of 37,789 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 88,725 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 88,725 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.5% of the company’s stock are short sold.

Institutional Trading of American Beacon GLG Natural Resources ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Investments Inc. bought a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter valued at $106,000. Osaic Holdings Inc. boosted its stake in American Beacon GLG Natural Resources ETF by 47.9% during the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after purchasing an additional 1,053 shares during the last quarter. Comerica Bank increased its holdings in American Beacon GLG Natural Resources ETF by 18.6% during the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock worth $140,000 after purchasing an additional 497 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of American Beacon GLG Natural Resources ETF by 88.6% in the second quarter. Farther Finance Advisors LLC now owns 6,121 shares of the company’s stock worth $203,000 after purchasing an additional 2,876 shares during the last quarter. Finally, Whipplewood Advisors LLC bought a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter valued at approximately $207,000.

American Beacon GLG Natural Resources ETF Trading Down 5.0%

MGNR stock traded down $2.59 during trading on Friday, reaching $48.98. 173,301 shares of the stock were exchanged, compared to its average volume of 132,400. The firm’s 50 day moving average is $45.36 and its 200 day moving average is $40.41. The firm has a market cap of $462.86 million, a P/E ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a twelve month low of $24.79 and a twelve month high of $52.75.

About American Beacon GLG Natural Resources ETF

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.