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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 12,153 shares, a decrease of 96.7% from the February 26th total of 366,399 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 92,453 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 92,453 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Harbor Investment Advisory LLC raised its holdings in American Beacon GLG Natural Resources ETF by 62.8% in the third quarter. Harbor Investment Advisory LLC now owns 71,673 shares of the company’s stock valued at $2,899,000 after acquiring an additional 27,641 shares in the last quarter. CWM LLC grew its holdings in American Beacon GLG Natural Resources ETF by 15.4% during the 3rd quarter. CWM LLC now owns 185,445 shares of the company’s stock worth $7,501,000 after acquiring an additional 24,804 shares in the last quarter. Magnolia Private Wealth LLC acquired a new position in American Beacon GLG Natural Resources ETF during the 3rd quarter worth approximately $433,000. Philip James Wealth Mangement LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter valued at approximately $507,000. Finally, Midland Wealth Advisors LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter valued at approximately $46,234,000.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of NYSEARCA:MGNR traded up $0.26 during trading on Tuesday, hitting $49.00. The company’s stock had a trading volume of 66,234 shares, compared to its average volume of 142,688. The business has a 50 day moving average price of $50.89 and a two-hundred day moving average price of $44.98. The company has a market capitalization of $487.55 million, a PE 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.

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.