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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 99,710 shares, an increase of 123.0% from the August 31st total of 44,720 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 116,137 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

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

American Beacon GLG Natural Resources ETF Trading Up 0.6%

Shares of NYSEARCA:MGNR traded up $0.30 during midday trading on Friday, hitting $51.66. The stock had a trading volume of 225,783 shares, compared to its average volume of 150,122. The company has a market capitalization of $1.29 billion, a PE ratio of 22.05 and a beta of 0.77. The stock has a 50 day moving average price of $52.48 and a two-hundred day moving average price of $51.94. American Beacon GLG Natural Resources ETF has a 1 year low of $39.11 and a 1 year high of $56.45.

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.