American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Shares Shorted: Short Interest Up 123.0% in September

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. Based on an average daily trading volume, of 116,137 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

American Beacon GLG Natural Resources ETF Trading Up 0.6%

Shares of MGNR traded up $0.30 during mid-day trading on Friday, hitting $51.66. 225,783 shares of the company’s stock were exchanged, compared to its average volume of 150,122. 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 market capitalization of $1.29 billion, a P/E ratio of 22.05 and a beta of 0.77. The business’s 50 day moving average is $52.48 and its two-hundred day moving average is $51.94.

Institutional Trading of American Beacon GLG Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP purchased a new position in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter valued at approximately $33,000. Avalon Trust Co purchased a new stake in shares of American Beacon GLG Natural Resources ETF during the first quarter worth approximately $52,000. IFP Advisors Inc lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 100.0% during the second 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 period. Fifth Third Bancorp acquired a new stake in shares of American Beacon GLG Natural Resources ETF during the first quarter worth $216,000. Finally, Lodestar Private Asset Management LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 1st quarter valued at $225,000.

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.