Short Interest in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Decreases By 21.2%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a significant decline in short interest in April. As of April 15th, there was short interest totaling 15,242 shares, a decline of 21.2% from the March 31st total of 19,338 shares. Based on an average trading volume of 102,135 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

American Beacon GLG Natural Resources ETF Price Performance

NYSEARCA:MGNR traded down $0.34 during mid-day trading on Friday, hitting $53.78. 144,216 shares of the company’s stock were exchanged, compared to its average volume of 137,140. American Beacon GLG Natural Resources ETF has a one year low of $29.40 and a one year high of $54.56. The business has a fifty day moving average price of $52.01 and a 200 day moving average price of $47.34. The company has a market cap of $793.26 million, a PE ratio of 22.05 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Lodestar Private Asset Management LLC purchased a new position in American Beacon GLG Natural Resources ETF in the first quarter worth about $225,000. Harbor Investment Advisory LLC raised its holdings in American Beacon GLG Natural Resources ETF by 19.9% in the first quarter. Harbor Investment Advisory LLC now owns 94,862 shares of the company’s stock worth $4,893,000 after buying an additional 15,727 shares during the last quarter. Janney Montgomery Scott LLC raised 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 worth $27,802,000 after buying an additional 242,301 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its holdings in American Beacon GLG Natural Resources ETF by 291.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 48,950 shares of the company’s stock worth $2,525,000 after buying an additional 36,450 shares during the last quarter. Finally, Rockefeller Capital Management L.P. purchased a new position in American Beacon GLG Natural Resources ETF in the fourth quarter worth about $332,000.

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.