American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Update

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 85,030 shares, an increase of 177.4% from the June 30th total of 30,653 shares. Based on an average daily volume of 108,041 shares, the short-interest ratio is currently 0.8 days. Approximately 0.5% of the shares of the company are short sold.

American Beacon GLG Natural Resources ETF Stock Down 1.6%

MGNR traded down $0.78 during midday trading on Monday, reaching $48.76. 66,558 shares of the company’s stock were exchanged, compared to its average volume of 117,213. American Beacon GLG Natural Resources ETF has a one year low of $32.47 and a one year high of $56.37. The business has a 50-day simple moving average of $50.80 and a two-hundred day simple moving average of $51.19. The firm has a market capitalization of $867.93 million, a price-to-earnings ratio of 22.05 and a beta of 0.73.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MGNR. Midland Wealth Advisors LLC increased its position in American Beacon GLG Natural Resources ETF by 13.1% in the fourth quarter. Midland Wealth Advisors LLC now owns 1,292,832 shares of the company’s stock worth $57,014,000 after purchasing an additional 149,850 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of American Beacon GLG Natural Resources ETF by 81.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock valued at $27,802,000 after purchasing an additional 242,301 shares during the last quarter. Woodard & Co. Asset Management Group Inc. ADV grew its position in shares of American Beacon GLG Natural Resources ETF by 158.2% during the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock worth $14,577,000 after buying an additional 202,503 shares during the period. CWM LLC grew its position in shares of American Beacon GLG Natural Resources ETF by 20.9% during the 4th quarter. CWM LLC now owns 224,209 shares of the company’s stock worth $9,888,000 after buying an additional 38,764 shares during the period. Finally, Osaic Holdings Inc. raised its stake in shares of American Beacon GLG Natural Resources ETF by 35.7% during the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock worth $9,878,000 after buying an additional 58,881 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.