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) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 38,969 shares, a growth of 125.7% from the September 30th total of 17,268 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 133,539 shares, the days-to-cover ratio is presently 0.3 days.

American Beacon GLG Natural Resources ETF Price Performance

Shares of MGNR traded down $0.69 during trading hours on Friday, hitting $47.25. The company’s stock had a trading volume of 70,759 shares, compared to its average volume of 148,739. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82. The business has a 50 day simple moving average of $51.61 and a two-hundred day simple moving average of $51.40. American Beacon GLG Natural Resources ETF has a 52-week low of $39.11 and a 52-week high of $56.45.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

Several hedge funds have recently bought and sold shares of MGNR. International Assets Investment Management LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 1,140.3% during the 3rd quarter. International Assets Investment Management LLC now owns 160,000 shares of the company’s stock valued at $7,891,000 after purchasing an additional 147,100 shares during the last quarter. Midland Wealth Advisors LLC lifted its stake in American Beacon GLG Natural Resources ETF by 6.7% in the third quarter. Midland Wealth Advisors LLC now owns 1,495,859 shares of the company’s stock worth $73,776,000 after purchasing an additional 93,380 shares during the last quarter. NewEdge Advisors LLC lifted its stake in American Beacon GLG Natural Resources ETF by 77.2% in the first quarter. NewEdge Advisors LLC now owns 148,319 shares of the company’s stock worth $7,650,000 after purchasing an additional 64,632 shares during the last quarter. Signature Equity Partners LLC bought a new stake in American Beacon GLG Natural Resources ETF in the first quarter worth $1,383,000. Finally, Sanctuary Advisors LLC purchased a new stake in American Beacon GLG Natural Resources ETF during the first quarter valued at about $1,249,000.

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.