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 increase in short interest in the month of February. As of February 13th, there was short interest totaling 892,162 shares, an increase of 2,118.0% from the January 29th total of 40,223 shares. Based on an average daily volume of 264,387 shares, the days-to-cover ratio is presently 3.4 days. Currently, 9.0% of the shares of the stock are sold short. Currently, 9.0% of the shares of the stock are sold short. Based on an average daily volume of 264,387 shares, the days-to-cover ratio is presently 3.4 days.

Institutional Trading of American Beacon GLG Natural Resources ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Midland Wealth Advisors LLC bought a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter valued at $46,234,000. Woodard & Co. Asset Management Group Inc. ADV raised its position in shares of American Beacon GLG Natural Resources ETF by 158.2% in the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock worth $14,577,000 after buying an additional 202,503 shares in the last quarter. Sendero Wealth Management LLC boosted its stake in American Beacon GLG Natural Resources ETF by 16.9% during the third quarter. Sendero Wealth Management LLC now owns 1,067,363 shares of the company’s stock valued at $43,175,000 after buying an additional 154,497 shares during the period. NewEdge Advisors LLC boosted its stake in American Beacon GLG Natural Resources ETF by 123.7% during the third quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock valued at $5,877,000 after buying an additional 80,336 shares during the period. Finally, Osaic Holdings Inc. grew its position in American Beacon GLG Natural Resources ETF by 35.7% during the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock worth $9,878,000 after buying an additional 58,881 shares in the last quarter.

American Beacon GLG Natural Resources ETF Price Performance

Shares of MGNR traded down $0.23 during midday trading on Wednesday, hitting $53.76. 207,692 shares of the company traded hands, compared to its average volume of 164,208. American Beacon GLG Natural Resources ETF has a one year low of $24.79 and a one year high of $54.20. The firm has a market cap of $534.91 million, a P/E ratio of 22.05 and a beta of 0.89. The stock has a 50-day moving average of $48.40 and a 200-day moving average of $42.79.

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.