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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 99,710 shares, a growth of 123.0% from the August 31st total of 44,720 shares. Based on an average daily volume of 116,137 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the company are short sold.

American Beacon GLG Natural Resources ETF Trading Down 3.3%

Shares of NYSEARCA MGNR traded down $1.71 during trading hours on Monday, reaching $49.95. The stock had a trading volume of 111,797 shares, compared to its average volume of 149,965. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 22.05 and a beta of 0.77. American Beacon GLG Natural Resources ETF has a fifty-two week low of $39.11 and a fifty-two week high of $56.45. The firm has a 50-day moving average of $52.53 and a 200-day moving average of $51.93.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Large investors have recently modified their holdings of the company. Allworth Financial LP acquired a new position in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter valued at $33,000. Avalon Trust Co purchased a new position in American Beacon GLG Natural Resources ETF during the 1st quarter worth $52,000. IFP Advisors Inc grew its position in American Beacon GLG Natural Resources ETF by 100.0% during the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $97,000 after purchasing an additional 1,000 shares during the last quarter. Principia Wealth Advisory LLC increased its stake in American Beacon GLG Natural Resources ETF by 33.6% in the second quarter. Principia Wealth Advisory LLC now owns 5,925 shares of the company’s stock valued at $288,000 after purchasing an additional 1,490 shares during the period. Finally, Harbour Investments Inc. raised its holdings in shares of American Beacon GLG Natural Resources ETF by 41.8% in the fourth quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock valued at $248,000 after buying an additional 1,658 shares during the last quarter.

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.