American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Up 761.0% in April

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 131,233 shares, an increase of 761.0% from the April 15th total of 15,242 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average trading volume of 158,679 shares, the days-to-cover ratio is currently 0.8 days.

American Beacon GLG Natural Resources ETF Price Performance

Shares of NYSEARCA:MGNR traded up $0.28 during mid-day trading on Wednesday, reaching $55.23. 73,598 shares of the company traded hands, compared to its average volume of 132,646. The company’s 50 day moving average price is $52.09 and its 200-day moving average price is $48.09. The firm has a market cap of $815.75 million, a PE ratio of 22.05 and a beta of 0.68. American Beacon GLG Natural Resources ETF has a 52 week low of $30.40 and a 52 week high of $55.44.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MGNR. Avalon Trust Co bought a new position in shares of American Beacon GLG Natural Resources ETF during the 1st quarter valued at approximately $52,000. Northwestern Mutual Wealth Management Co. purchased a new position in American Beacon GLG Natural Resources ETF in the 4th quarter worth approximately $62,000. Osaic Holdings Inc. lifted its holdings in American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after purchasing an additional 1,053 shares in the last quarter. Comerica Bank lifted its holdings in American Beacon GLG Natural Resources ETF by 18.6% in the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock worth $140,000 after purchasing an additional 497 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new position in American Beacon GLG Natural Resources ETF in the 1st quarter worth 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.