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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 136,954 shares, an increase of 262.4% from the December 31st total of 37,789 shares. Based on an average daily trading volume, of 88,725 shares, the short-interest ratio is presently 1.5 days. Approximately 1.5% of the company’s stock are short sold. Approximately 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 88,725 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of American Beacon GLG Natural Resources ETF

Several large investors have recently added to or reduced their stakes in the company. Midland Wealth Advisors LLC acquired a new stake in American Beacon GLG Natural Resources ETF during the 3rd quarter valued at approximately $46,234,000. Sendero Wealth Management LLC increased its holdings in American Beacon GLG Natural Resources ETF by 21.1% in the second quarter. Sendero Wealth Management LLC now owns 912,866 shares of the company’s stock valued at $30,327,000 after buying an additional 158,771 shares in the last quarter. Apollon Wealth Management LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter valued at about $3,185,000. NewEdge Advisors LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 123.7% in 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 in the last quarter. Finally, CW Advisors LLC increased its holdings in American Beacon GLG Natural Resources ETF by 87.4% in the 2nd quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock worth $3,258,000 after acquiring an additional 45,748 shares in the last quarter.

American Beacon GLG Natural Resources ETF Trading Down 5.0%

Shares of MGNR stock traded down $2.59 during trading hours on Friday, reaching $48.98. 173,301 shares of the company’s stock were exchanged, compared to its average volume of 132,400. American Beacon GLG Natural Resources ETF has a fifty-two week low of $24.79 and a fifty-two week high of $52.75. The stock’s 50 day moving average is $45.36 and its 200-day moving average is $40.41. The company has a market cap of $462.86 million, a price-to-earnings ratio of 22.05 and a beta of 0.89.

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.