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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 30,653 shares, an increase of 175.1% from the June 15th total of 11,142 shares. Based on an average daily volume of 85,493 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Trading of American Beacon GLG Natural Resources ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC boosted its holdings in American Beacon GLG Natural Resources ETF by 20.9% in the 4th quarter. CWM LLC now owns 224,209 shares of the company’s stock valued at $9,888,000 after purchasing an additional 38,764 shares in the last quarter. Financial Security Advisor Inc. raised its stake in shares of American Beacon GLG Natural Resources ETF by 77.5% during the 4th quarter. Financial Security Advisor Inc. now owns 40,659 shares of the company’s stock worth $1,793,000 after buying an additional 17,747 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 72.7% in the 4th quarter. HighTower Advisors LLC now owns 48,238 shares of the company’s stock valued at $2,127,000 after buying an additional 20,299 shares during the period. Pursuit Wealth Management LLC acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the 4th quarter valued at approximately $807,000. Finally, Harbor Investment Advisory LLC grew its holdings in American Beacon GLG Natural Resources ETF by 19.9% during the first quarter. Harbor Investment Advisory LLC now owns 94,862 shares of the company’s stock worth $4,893,000 after acquiring an additional 15,727 shares during the period.

American Beacon GLG Natural Resources ETF Price Performance

NYSEARCA:MGNR opened at $48.18 on Tuesday. The firm has a market cap of $816.65 million, a price-to-earnings ratio of 22.05 and a beta of 0.73. The firm’s fifty day moving average price is $51.80 and its 200 day moving average price is $50.93. American Beacon GLG Natural Resources ETF has a 1-year low of $32.47 and a 1-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.