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

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

American Beacon GLG Natural Resources ETF Price Performance

Shares of MGNR stock traded down $0.89 during trading hours on Friday, reaching $54.90. The company had a trading volume of 51,030 shares, compared to its average volume of 148,087. American Beacon GLG Natural Resources ETF has a 1-year low of $35.87 and a 1-year high of $56.37. The firm has a market cap of $948.12 million, a price-to-earnings ratio of 22.05 and a beta of 0.74. The company has a 50 day moving average of $50.40 and a 200 day moving average of $51.76.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MGNR. Avalon Trust Co acquired a new position in shares of American Beacon GLG Natural Resources ETF during the 1st quarter worth about $52,000. Northwestern Mutual Wealth Management Co. bought a new position in American Beacon GLG Natural Resources ETF during the 4th quarter worth approximately $62,000. Osaic Holdings Inc. grew its holdings in American Beacon GLG Natural Resources ETF by 47.9% during the second 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 holdings in American Beacon GLG Natural Resources ETF by 18.6% during the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after purchasing an additional 497 shares during the period. Finally, Fifth Third Bancorp acquired a new position in American Beacon GLG Natural Resources ETF during the first quarter valued at approximately $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.