American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Sees Significant Decline in Short Interest

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 17,268 shares, a decline of 82.7% from the September 15th total of 99,710 shares. Based on an average trading volume of 245,811 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of American Beacon GLG Natural Resources ETF

Hedge funds have recently added to or reduced their stakes in the business. CapWealth Advisors LLC lifted its stake in American Beacon GLG Natural Resources ETF by 0.5% in the third quarter. CapWealth Advisors LLC now owns 614,101 shares of the company’s stock valued at $30,287,000 after buying an additional 2,765 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 81.7% during the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock worth $27,802,000 after buying an additional 242,301 shares in the last quarter. NewEdge Advisors LLC raised its position in American Beacon GLG Natural Resources ETF by 40.1% in the 2nd quarter. NewEdge Advisors LLC now owns 207,758 shares of the company’s stock valued at $10,087,000 after buying an additional 59,439 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in American Beacon GLG Natural Resources ETF by 6.9% during the second quarter. Harbor Investment Advisory LLC now owns 101,445 shares of the company’s stock worth $4,925,000 after purchasing an additional 6,583 shares during the last quarter. Finally, SFG Wealth Management LLC. grew its holdings in shares of American Beacon GLG Natural Resources ETF by 4.8% in the 2nd quarter. SFG Wealth Management LLC. now owns 56,569 shares of the company’s stock valued at $2,746,000 after acquiring an additional 2,594 shares in the last quarter.

American Beacon GLG Natural Resources ETF Price Performance

NYSEARCA MGNR opened at $49.77 on Friday. The stock’s 50 day simple moving average is $52.66 and its 200 day simple moving average is $51.89. The firm has a market cap of $1.27 billion, a PE ratio of 22.05 and a beta of 0.82. American Beacon GLG Natural Resources ETF has a one year low of $39.11 and a one year high of $56.45.

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.