American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Shares Shorted: Short Interest Up 125.7% in October

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a large 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 trading volume of 133,539 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s stock are sold short.

American Beacon GLG Natural Resources ETF Stock Down 1.4%

American Beacon GLG Natural Resources ETF stock traded down $0.69 during midday trading on Friday, hitting $47.25. 70,759 shares of the stock were exchanged, compared to its average volume of 148,739. American Beacon GLG Natural Resources ETF has a 52-week low of $39.11 and a 52-week high of $56.45. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82. The business’s 50-day moving average price is $51.47 and its 200-day moving average price is $51.40.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP bought a new position in American Beacon GLG Natural Resources ETF during the second quarter valued at $33,000. Avalon Trust Co bought a new stake in shares of American Beacon GLG Natural Resources ETF in the first quarter valued at $52,000. IFP Advisors Inc raised 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 during the period. Principia Wealth Advisory LLC raised its stake in shares of American Beacon GLG Natural Resources ETF by 33.6% in the second quarter. Principia Wealth Advisory LLC now owns 5,925 shares of the company’s stock valued at $288,000 after buying an additional 1,490 shares during the period. Finally, SFG Wealth Management LLC. lifted its position in shares of American Beacon GLG Natural Resources ETF by 4.8% during the 2nd quarter. SFG Wealth Management LLC. now owns 56,569 shares of the company’s stock valued at $2,746,000 after buying an additional 2,594 shares during the last quarter.

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.