American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Sees Large Increase in Short Interest

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 18,816 shares, an increase of 104.3% from the July 30th total of 9,210 shares. Based on an average daily volume of 77,406 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

American Beacon GLG Natural Resources ETF Stock Down 1.6%

NYSEARCA:MGNR opened at $54.90 on Friday. The stock has a fifty day simple moving average of $50.40 and a 200 day simple moving average of $51.76. The firm has a market capitalization of $948.12 million, a price-to-earnings ratio of 22.05 and a beta of 0.74. American Beacon GLG Natural Resources ETF has a 1-year low of $35.87 and a 1-year high of $56.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MGNR. Janney Montgomery Scott LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 81.7% in the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock worth $27,802,000 after acquiring an additional 242,301 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV increased its position in American Beacon GLG Natural Resources ETF by 158.2% during the fourth 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 last quarter. Osaic Holdings Inc. raised its stake in American Beacon GLG Natural Resources ETF by 35.7% in the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock valued at $9,878,000 after buying an additional 58,881 shares during the period. NewEdge Advisors LLC raised 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 valued at $7,650,000 after buying an additional 64,632 shares during the period. Finally, Quadcap Wealth Management LLC lifted its position in shares of American Beacon GLG Natural Resources ETF by 3.5% in the third quarter. Quadcap Wealth Management LLC now owns 110,275 shares of the company’s stock valued at $4,461,000 after buying an additional 3,711 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.