American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Update

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target 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. Based on an average trading volume of 613,861 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in American Beacon GLG Natural Resources ETF during the 1st quarter valued at about $253,000. Jane Street Group LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 51.5% in the first quarter. Jane Street Group LLC now owns 31,928 shares of the company’s stock worth $951,000 after buying an additional 10,859 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of 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 buying an additional 1,053 shares in the last quarter. SFG Wealth Management LLC. bought a new position in shares of American Beacon GLG Natural Resources ETF in the third quarter valued at approximately $319,000. Finally, Maia Wealth LLC boosted its position in shares of American Beacon GLG Natural Resources ETF by 38.3% in the third quarter. Maia Wealth LLC now owns 27,113 shares of the company’s stock valued at $1,124,000 after acquiring an additional 7,511 shares during the period.

American Beacon GLG Natural Resources ETF Price Performance

American Beacon GLG Natural Resources ETF stock opened at $54.27 on Monday. American Beacon GLG Natural Resources ETF has a one year low of $38.28 and a one year high of $56.45. The business has a fifty day moving average price of $51.63 and a 200-day moving average price of $51.96. The firm has a market capitalization of $937.24 million, a P/E ratio of 22.05 and a beta of 0.77.

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.