American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Sees Large Increase in Short Interest

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 44,720 shares, a growth 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 days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in American Beacon GLG Natural Resources ETF by 40.1% in the 2nd quarter. NewEdge Advisors LLC now owns 207,758 shares of the company’s stock valued at $10,087,000 after acquiring an additional 59,439 shares in the last quarter. IFP Advisors Inc lifted its position in American Beacon GLG Natural Resources ETF by 100.0% in the second quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock worth $97,000 after purchasing an additional 1,000 shares during the period. Allworth Financial LP bought a new position in American Beacon GLG Natural Resources ETF in the second quarter worth $33,000. Principia Wealth Advisory LLC boosted its stake 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 worth $288,000 after buying an additional 1,490 shares in the last quarter. Finally, SFG Wealth Management LLC. increased its holdings in American Beacon GLG Natural Resources ETF by 4.8% in the 2nd quarter. SFG Wealth Management LLC. now owns 56,569 shares of the company’s stock valued at $2,746,000 after buying an additional 2,594 shares during the period.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of American Beacon GLG Natural Resources ETF stock traded up $0.23 during trading on Tuesday, reaching $53.27. The company’s stock had a trading volume of 43,820 shares, compared to its average volume of 145,476. The business’s fifty day moving average price is $51.72 and its 200-day moving average price is $51.95. The firm has a market cap of $919.89 million, a price-to-earnings ratio of 22.05 and a beta of 0.77. American Beacon GLG Natural Resources ETF has a one year low of $38.28 and a one year high of $56.45.

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.