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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 85,030 shares, a growth 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 company’s stock are short sold.

American Beacon GLG Natural Resources ETF Trading Down 1.9%

MGNR stock traded down $0.92 during midday trading on Tuesday, reaching $47.76. The company had a trading volume of 90,988 shares, compared to its average volume of 117,038. American Beacon GLG Natural Resources ETF has a 1 year low of $32.47 and a 1 year high of $56.37. The company has a market capitalization of $850.13 million, a P/E ratio of 22.05 and a beta of 0.73. The company has a 50 day moving average of $50.62 and a two-hundred day moving average of $51.22.

Institutional Trading of American Beacon GLG Natural Resources ETF

A number of institutional investors have recently bought and sold shares of the company. Avalon Trust Co acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the first quarter worth $52,000. Northwestern Mutual Wealth Management Co. bought a new stake in American Beacon GLG Natural Resources ETF in the 4th quarter valued at $62,000. Osaic Holdings Inc. boosted its holdings in American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after purchasing an additional 1,053 shares during the period. Comerica Bank grew its position in American Beacon GLG Natural Resources ETF by 18.6% in the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock worth $140,000 after purchasing an additional 497 shares during the last quarter. Finally, Fifth Third Bancorp acquired a new stake in American Beacon GLG Natural Resources ETF in the 1st quarter worth $216,000.

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.