American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Down 90.0% in May

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

American Beacon GLG Natural Resources ETF Stock Performance

Shares of MGNR traded up $0.50 during mid-day trading on Friday, reaching $55.00. The stock had a trading volume of 355,075 shares, compared to its average volume of 131,320. The firm 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 12 month low of $30.91 and a 12 month high of $55.44. The business has a fifty day moving average of $52.73 and a 200 day moving average of $49.14.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

A number of hedge funds have recently modified their holdings of the company. Midland Wealth Advisors LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 13.1% in the fourth quarter. Midland Wealth Advisors LLC now owns 1,292,832 shares of the company’s stock worth $57,014,000 after buying an additional 149,850 shares in the last quarter. Sendero Wealth Management LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 9.5% in the fourth quarter. Sendero Wealth Management LLC now owns 1,168,548 shares of the company’s stock worth $51,533,000 after buying an additional 101,185 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $27,802,000 after buying an additional 242,301 shares in the last quarter. Woodard & Co. Asset Management Group Inc. ADV lifted its holdings in shares of 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 worth $14,577,000 after buying an additional 202,503 shares in the last quarter. Finally, CWM LLC lifted its holdings in shares of American Beacon GLG Natural Resources ETF by 20.9% in the fourth quarter. CWM LLC now owns 224,209 shares of the company’s stock worth $9,888,000 after buying an additional 38,764 shares in the last quarter.

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.