American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Up 2,118.0% in February

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 892,162 shares, an increase of 2,118.0% from the January 29th total of 40,223 shares. Currently, 9.0% of the shares of the stock are sold short. Based on an average daily volume of 264,387 shares, the short-interest ratio is presently 3.4 days. Based on an average daily volume of 264,387 shares, the short-interest ratio is presently 3.4 days. Currently, 9.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. acquired a new position in American Beacon GLG Natural Resources ETF in the 4th quarter valued at approximately $62,000. Osaic Holdings Inc. increased its holdings in American Beacon GLG Natural Resources ETF by 47.9% in the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after purchasing an additional 1,053 shares during the period. Comerica Bank increased its holdings in American Beacon GLG Natural Resources ETF by 18.6% in the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after purchasing an additional 497 shares during the period. Harbour Investments Inc. raised its position in American Beacon GLG Natural Resources ETF by 41.8% during the 4th quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock worth $248,000 after purchasing an additional 1,658 shares during the last quarter. Finally, Worth Asset Management LLC acquired a new position in American Beacon GLG Natural Resources ETF during the 3rd quarter worth about $251,000.

American Beacon GLG Natural Resources ETF Stock Down 0.4%

American Beacon GLG Natural Resources ETF stock traded down $0.23 during trading hours on Wednesday, hitting $53.76. The stock had a trading volume of 207,692 shares, compared to its average volume of 164,208. The business’s 50 day simple moving average is $48.40 and its 200-day simple moving average is $42.79. American Beacon GLG Natural Resources ETF has a one year low of $24.79 and a one year high of $54.20. The stock has a market cap of $534.91 million, a price-to-earnings ratio of 22.05 and a beta of 0.89.

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.