Short Interest in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Decreases By 96.7%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 12,153 shares, a decline of 96.7% from the February 26th total of 366,399 shares. Based on an average daily volume of 92,453 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 92,453 shares, the short-interest ratio is presently 0.1 days.

American Beacon GLG Natural Resources ETF Trading Up 0.5%

Shares of NYSEARCA MGNR traded up $0.26 during trading hours on Tuesday, reaching $49.00. The stock had a trading volume of 66,234 shares, compared to its average volume of 142,688. The firm has a 50-day moving average of $50.89 and a 200-day moving average of $44.98. The firm has a market cap of $487.55 million, a price-to-earnings ratio of 22.05 and a beta of 0.89. American Beacon GLG Natural Resources ETF has a fifty-two week low of $24.79 and a fifty-two week high of $54.56.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Large investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of American Beacon GLG Natural Resources ETF in the 4th quarter valued at $62,000. Osaic Holdings Inc. boosted its stake 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. Comerica Bank boosted its stake in American Beacon GLG Natural Resources ETF by 18.6% during the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock worth $140,000 after purchasing an additional 497 shares during the period. Harbour Investments Inc. grew its position in American Beacon GLG Natural Resources ETF by 41.8% during the 4th quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock worth $248,000 after purchasing an additional 1,658 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new position in American Beacon GLG Natural Resources ETF during the 3rd quarter worth $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.