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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 40,223 shares, a decrease of 70.6% from the January 15th total of 136,954 shares. Based on an average daily volume of 176,176 shares, the short-interest ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 176,176 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

A number of hedge funds have recently made changes to their positions in MGNR. Midland Wealth Advisors LLC bought a new stake in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter valued at about $46,234,000. Woodard & Co. Asset Management Group Inc. ADV lifted its position in American Beacon GLG Natural Resources ETF by 158.2% during the fourth quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock valued at $14,577,000 after acquiring an additional 202,503 shares during the last quarter. Sendero Wealth Management LLC boosted its stake in American Beacon GLG Natural Resources ETF by 16.9% in the third quarter. Sendero Wealth Management LLC now owns 1,067,363 shares of the company’s stock valued at $43,175,000 after acquiring an additional 154,497 shares in the last quarter. NewEdge Advisors LLC boosted its stake in American Beacon GLG Natural Resources ETF by 123.7% in the third quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock valued at $5,877,000 after acquiring an additional 80,336 shares in the last quarter. Finally, CW Advisors LLC grew its holdings in American Beacon GLG Natural Resources ETF by 87.4% in the second quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock worth $3,258,000 after purchasing an additional 45,748 shares during the last quarter.

American Beacon GLG Natural Resources ETF Stock Performance

NYSEARCA:MGNR traded up $0.64 during trading hours on Friday, reaching $51.96. The company’s stock had a trading volume of 97,232 shares, compared to its average volume of 176,384. The company has a market capitalization of $517.00 million, a P/E 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 $53.84. The stock has a 50 day moving average price of $47.18 and a two-hundred day moving average price of $41.74.

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.