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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 13,078 shares, a drop of 90.0% from the April 30th total of 131,233 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 95,956 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Midland Wealth Advisors LLC purchased a new position in shares of American Beacon GLG Natural Resources ETF during the third quarter worth approximately $46,234,000. Janney Montgomery Scott LLC boosted its holdings in American Beacon GLG Natural Resources ETF by 81.7% in the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock valued at $27,802,000 after acquiring an additional 242,301 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV boosted its holdings in American Beacon GLG Natural Resources ETF by 158.2% in 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 in the last quarter. Sendero Wealth Management LLC boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 9.5% during the 4th quarter. Sendero Wealth Management LLC now owns 1,168,548 shares of the company’s stock valued at $51,533,000 after buying an additional 101,185 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of American Beacon GLG Natural Resources ETF by 123.7% during the 3rd quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock valued at $5,877,000 after buying an additional 80,336 shares in the last quarter.

American Beacon GLG Natural Resources ETF Stock Performance

MGNR traded up $0.50 on Friday, reaching $55.00. The company had a trading volume of 355,075 shares, compared to its average volume of 131,320. The business has a 50 day simple moving average of $52.73 and a 200 day simple moving average of $49.14. The company has a market cap of $812.35 million, a price-to-earnings ratio of 22.05 and a beta of 0.68. American Beacon GLG Natural Resources ETF has a 52-week low of $30.91 and a 52-week high of $55.44.

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.