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 growth in short interest in 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. Based on an average daily trading volume, of 77,406 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

Several hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its holdings in shares of American Beacon GLG Natural Resources ETF by 81.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock worth $27,802,000 after purchasing an additional 242,301 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings 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 in the last quarter. Osaic Holdings Inc. boosted its holdings in American Beacon GLG Natural Resources ETF by 35.7% during the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock worth $9,878,000 after buying an additional 58,881 shares in the last quarter. NewEdge Advisors LLC grew its position 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 worth $7,650,000 after buying an additional 64,632 shares during the last quarter. Finally, Quadcap Wealth Management LLC grew its position in 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 worth $4,461,000 after buying an additional 3,711 shares during the last quarter.

American Beacon GLG Natural Resources ETF Stock Down 1.6%

NYSEARCA:MGNR opened at $54.90 on Friday. The business’s 50-day moving average price is $50.40 and its 200 day moving average price is $51.76. American Beacon GLG Natural Resources ETF has a 52-week low of $35.87 and a 52-week high of $56.37. The firm has a market cap of $948.12 million, a P/E ratio of 22.05 and a beta of 0.74.

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.