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 growth in short interest in the month of April. As of April 30th, there was short interest totaling 131,233 shares, a growth of 761.0% from the April 15th total of 15,242 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 158,679 shares, the days-to-cover ratio is presently 0.8 days.

American Beacon GLG Natural Resources ETF Price Performance

Shares of NYSEARCA:MGNR opened at $55.23 on Thursday. American Beacon GLG Natural Resources ETF has a 12 month low of $30.40 and a 12 month high of $55.44. The stock has a market cap of $815.75 million, a price-to-earnings ratio of 22.05 and a beta of 0.68. The stock’s 50 day moving average price is $52.09 and its 200 day moving average price is $48.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Midland Wealth Advisors LLC increased its holdings 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 buying an additional 149,850 shares during the last quarter. Sendero Wealth Management LLC increased its holdings in American Beacon GLG Natural Resources ETF by 9.5% in the 4th quarter. Sendero Wealth Management LLC now owns 1,168,548 shares of the company’s stock valued at $51,533,000 after buying an additional 101,185 shares during the period. Janney Montgomery Scott LLC boosted its holdings in American Beacon GLG Natural Resources ETF by 81.7% during the first 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 in the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of 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 valued at $14,577,000 after acquiring an additional 202,503 shares during the period. Finally, CWM LLC raised its holdings in shares of American Beacon GLG Natural Resources ETF by 20.9% in the fourth quarter. CWM LLC now owns 224,209 shares of the company’s stock valued at $9,888,000 after buying an additional 38,764 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.