American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Sees Significant Growth in Short Interest

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant 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. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 116,137 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of American Beacon GLG Natural Resources ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP bought a new position in shares of American Beacon GLG Natural Resources ETF in the second quarter worth approximately $33,000. Avalon Trust Co bought a new stake in shares of American Beacon GLG Natural Resources ETF during the first quarter valued at approximately $52,000. IFP Advisors Inc raised its holdings in American Beacon GLG Natural Resources ETF by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $97,000 after acquiring an additional 1,000 shares during the last quarter. Fifth Third Bancorp purchased a new position in American Beacon GLG Natural Resources ETF in the 1st quarter worth approximately $216,000. Finally, Lodestar Private Asset Management LLC bought a new position in American Beacon GLG Natural Resources ETF in the 1st quarter valued at approximately $225,000.

American Beacon GLG Natural Resources ETF Trading Down 0.5%

American Beacon GLG Natural Resources ETF stock traded down $0.24 during mid-day trading on Tuesday, hitting $49.71. The company had a trading volume of 193,749 shares, compared to its average volume of 150,324. American Beacon GLG Natural Resources ETF has a 12 month low of $39.11 and a 12 month high of $56.45. The company has a market capitalization of $1.24 billion, a PE ratio of 22.05 and a beta of 0.77. The stock’s 50 day moving average price is $52.53 and its two-hundred day moving average price is $51.93.

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.