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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 44,720 shares, an increase of 137.7% from the August 15th total of 18,816 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 613,861 shares, the short-interest ratio is currently 0.1 days.

American Beacon GLG Natural Resources ETF Price Performance

American Beacon GLG Natural Resources ETF stock opened at $54.27 on Monday. The firm has a 50 day moving average price of $51.63 and a 200-day moving average price of $51.96. American Beacon GLG Natural Resources ETF has a twelve month low of $38.28 and a twelve month high of $56.45. The company has a market capitalization of $937.24 million, a P/E ratio of 22.05 and a beta of 0.77.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MGNR. NewEdge Advisors LLC grew its stake in shares of American Beacon GLG Natural Resources ETF by 40.1% during the 2nd quarter. NewEdge Advisors LLC now owns 207,758 shares of the company’s stock worth $10,087,000 after acquiring an additional 59,439 shares during the period. IFP Advisors Inc raised its stake in American Beacon GLG Natural Resources ETF by 100.0% in the 2nd quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $97,000 after acquiring an additional 1,000 shares during the period. Allworth Financial LP purchased a new stake in American Beacon GLG Natural Resources ETF during the second quarter valued at about $33,000. Principia Wealth Advisory LLC lifted its holdings in American Beacon GLG Natural Resources ETF by 33.6% during the second quarter. Principia Wealth Advisory LLC now owns 5,925 shares of the company’s stock valued at $288,000 after purchasing an additional 1,490 shares during the last quarter. Finally, SFG Wealth Management LLC. boosted its position in American Beacon GLG Natural Resources ETF by 4.8% during the second quarter. SFG Wealth Management LLC. now owns 56,569 shares of the company’s stock worth $2,746,000 after purchasing an additional 2,594 shares during the period.

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.