American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Down 49.6% in December

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 3,644 shares, a drop of 49.6% from the November 30th total of 7,226 shares. Based on an average daily volume of 74,029 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 74,029 shares, the short-interest ratio is currently 0.0 days.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA MGNR traded up $0.32 during midday trading on Friday, reaching $44.90. The stock had a trading volume of 10,555 shares, compared to its average volume of 39,687. The stock has a 50-day moving average of $42.06 and a 200-day moving average of $38.01. The company has a market capitalization of $316.55 million, a price-to-earnings ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a 12-month low of $24.79 and a 12-month high of $45.04.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Harbour Investments Inc. acquired a new stake in shares of American Beacon GLG Natural Resources ETF during the 2nd quarter valued at about $106,000. Osaic Holdings Inc. increased its holdings in American Beacon GLG Natural Resources ETF by 47.9% during 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 during the period. Farther Finance Advisors LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 88.6% in the 2nd quarter. Farther Finance Advisors LLC now owns 6,121 shares of the company’s stock valued at $203,000 after acquiring an additional 2,876 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter valued at $207,000. Finally, Worth Asset Management LLC purchased a new stake in American Beacon GLG Natural Resources ETF in the third quarter valued at $251,000.

American Beacon GLG Natural Resources ETF Company Profile

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.