Short Interest in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Expands By 104.3%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 18,816 shares, an increase of 104.3% from the July 30th total of 9,210 shares. Based on an average daily 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 sold short.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

A number of large investors have recently modified their holdings of MGNR. Janney Montgomery Scott LLC increased its stake in shares of American Beacon GLG Natural Resources ETF by 81.7% in the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock worth $27,802,000 after buying an additional 242,301 shares during the period. Woodard & Co. Asset Management Group Inc. ADV lifted its position in shares of American Beacon GLG Natural Resources ETF by 158.2% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock worth $14,577,000 after purchasing an additional 202,503 shares during the period. Osaic Holdings Inc. boosted its stake in shares of American Beacon GLG Natural Resources ETF by 35.7% during the 4th quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock valued at $9,878,000 after purchasing an additional 58,881 shares in the last quarter. NewEdge Advisors LLC raised its stake 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 in the last quarter. Finally, Quadcap Wealth Management LLC boosted its position in American Beacon GLG Natural Resources ETF by 3.5% during the 3rd quarter. Quadcap Wealth Management LLC now owns 110,275 shares of the company’s stock valued at $4,461,000 after acquiring an additional 3,711 shares in the last quarter.

American Beacon GLG Natural Resources ETF Price Performance

MGNR stock opened at $54.90 on Monday. The firm has a 50 day simple moving average of $50.40 and a two-hundred day simple moving average of $51.76. The stock has a market cap of $948.12 million, a PE ratio of 22.05 and a beta of 0.74. American Beacon GLG Natural Resources ETF has a one year low of $35.87 and a one year high of $56.37.

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.