American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Shares Shorted: Short Interest Up 125.7% in October

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 38,969 shares, an increase of 125.7% from the September 30th total of 17,268 shares. Based on an average daily volume of 133,539 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Trading of American Beacon GLG Natural Resources ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signature Equity Partners LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 53.4% during the third quarter. Signature Equity Partners LLC now owns 18,129 shares of the company’s stock valued at $894,000 after acquiring an additional 6,310 shares during the last quarter. MGO One Seven LLC purchased a new position in American Beacon GLG Natural Resources ETF in the third quarter worth $650,000. International Assets Investment Management LLC grew its stake in American Beacon GLG Natural Resources ETF by 1,140.3% in the 3rd quarter. International Assets Investment Management LLC now owns 160,000 shares of the company’s stock valued at $7,891,000 after purchasing an additional 147,100 shares during the period. Midland Wealth Advisors LLC grew its stake in American Beacon GLG Natural Resources ETF by 6.7% in the 3rd quarter. Midland Wealth Advisors LLC now owns 1,495,859 shares of the company’s stock valued at $73,776,000 after purchasing an additional 93,380 shares during the period. Finally, Verdence Capital Advisors LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 3.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 758,314 shares of the company’s stock valued at $37,400,000 after purchasing an additional 22,425 shares during the last quarter.

American Beacon GLG Natural Resources ETF Trading Down 1.4%

NYSEARCA MGNR traded down $0.69 during mid-day trading on Friday, hitting $47.25. The company’s stock had a trading volume of 70,759 shares, compared to its average volume of 148,739. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82. The company’s 50 day simple moving average is $51.61 and its 200 day simple moving average is $51.40. American Beacon GLG Natural Resources ETF has a twelve month low of $39.11 and a twelve month high of $56.45.

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.