American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Up 177.4% in July

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 85,030 shares, an increase of 177.4% from the June 30th total of 30,653 shares. Based on an average trading volume of 108,041 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are short sold.

American Beacon GLG Natural Resources ETF Trading Down 1.9%

Shares of MGNR stock opened at $47.76 on Wednesday. The company’s 50-day moving average price is $50.62 and its 200-day moving average price is $51.22. The stock has a market cap of $850.13 million, a price-to-earnings ratio of 22.05 and a beta of 0.73. American Beacon GLG Natural Resources ETF has a twelve month low of $32.47 and a twelve month high of $56.37.

Institutional Trading of American Beacon GLG Natural Resources ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank increased its position in shares of American Beacon GLG Natural Resources ETF by 18.6% during the fourth quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after acquiring an additional 497 shares during the last quarter. Philip James Wealth Mangement LLC grew its stake in American Beacon GLG Natural Resources ETF by 7.5% during the 4th quarter. Philip James Wealth Mangement LLC now owns 13,481 shares of the company’s stock worth $595,000 after purchasing an additional 942 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of American Beacon GLG Natural Resources ETF during the first quarter worth approximately $52,000. Kestra Advisory Services LLC raised its holdings in American Beacon GLG Natural Resources ETF by 5.3% in the fourth quarter. Kestra Advisory Services LLC now owns 20,567 shares of the company’s stock valued at $907,000 after acquiring an additional 1,032 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its stake in American Beacon GLG Natural Resources ETF by 47.9% in the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after acquiring an additional 1,053 shares during the last quarter.

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.