American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Up 262.4% in January

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large growth in short interest during the month of 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. Currently, 1.5% of the shares of the 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. Currently, 1.5% of the shares of the stock are short sold.

American Beacon GLG Natural Resources ETF Stock Up 1.2%

Shares of NYSEARCA:MGNR traded up $0.64 during trading on Wednesday, hitting $51.93. 66,225 shares of the company were exchanged, compared to its average volume of 132,485. American Beacon GLG Natural Resources ETF has a 1-year low of $24.79 and a 1-year high of $52.03. The company has a market capitalization of $467.37 million, a P/E ratio of 22.05 and a beta of 0.89. The business’s 50 day moving average is $45.11 and its 200-day moving average is $40.33.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. West Michigan Advisors LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF in the fourth quarter worth approximately $353,000. Midland Wealth Advisors LLC raised its holdings in American Beacon GLG Natural Resources ETF by 13.1% during the 4th quarter. Midland Wealth Advisors LLC now owns 1,292,832 shares of the company’s stock worth $57,014,000 after purchasing an additional 149,850 shares during the last quarter. Pursuit Wealth Management LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF in the 4th quarter worth approximately $807,000. CWM LLC boosted its stake in shares of American Beacon GLG Natural Resources ETF by 20.9% in the 4th quarter. CWM LLC now owns 224,209 shares of the company’s stock valued at $9,888,000 after purchasing an additional 38,764 shares during the last quarter. Finally, Philip James Wealth Mangement LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 7.5% during the fourth quarter. Philip James Wealth Mangement LLC now owns 13,481 shares of the company’s stock worth $595,000 after buying an additional 942 shares during the period.

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.