American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Stock Short Interest Jumps 125.7%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 38,969 shares, an increase of 125.7% from the September 30th total of 17,268 shares. Based on an average daily volume of 133,539 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

American Beacon GLG Natural Resources ETF Trading Down 1.4%

NYSEARCA MGNR opened at $47.25 on Friday. The company has a market cap of $1.22 billion, a PE ratio of 22.05 and a beta of 0.82. American Beacon GLG Natural Resources ETF has a 1 year low of $39.11 and a 1 year high of $56.45. The stock’s 50-day moving average price is $51.47 and its two-hundred day moving average price is $51.40.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in MGNR. NewEdge Advisors LLC grew its position in American Beacon GLG Natural Resources ETF by 77.2% in the 1st quarter. NewEdge Advisors LLC now owns 148,319 shares of the company’s stock valued at $7,650,000 after purchasing an additional 64,632 shares during the period. Sanctuary Advisors LLC purchased a new position in American Beacon GLG Natural Resources ETF during the first quarter valued at $1,249,000. Signature Equity Partners LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 1st quarter worth approximately $1,383,000. Verdence Capital Advisors LLC raised its holdings in American Beacon GLG Natural Resources ETF by 3.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 758,314 shares of the company’s stock worth $37,400,000 after acquiring an additional 22,425 shares during the last quarter. Finally, Midland Wealth Advisors LLC boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 6.7% during the 3rd quarter. Midland Wealth Advisors LLC now owns 1,495,859 shares of the company’s stock valued at $73,776,000 after acquiring an additional 93,380 shares during the last quarter.

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.