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 large drop in short interest in March. As of March 13th, there was short interest totaling 12,153 shares, a drop of 96.7% from the February 26th total of 366,399 shares. Based on an average daily volume of 92,453 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

American Beacon GLG Natural Resources ETF Stock Down 2.5%

Shares of American Beacon GLG Natural Resources ETF stock traded down $1.27 on Thursday, hitting $49.66. 185,370 shares of the company were exchanged, compared to its average volume of 142,017. The stock has a market capitalization of $494.12 million, a price-to-earnings ratio of 22.05 and a beta of 0.89. The company has a 50-day moving average price of $51.00 and a 200 day moving average price of $45.06. American Beacon GLG Natural Resources ETF has a 1-year low of $24.79 and a 1-year high of $54.56.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MGNR. Comerica Bank grew its holdings in American Beacon GLG Natural Resources ETF by 18.6% in the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after buying an additional 497 shares in the last quarter. Philip James Wealth Mangement LLC raised its holdings in shares of American Beacon GLG Natural Resources ETF by 7.5% during the 4th quarter. Philip James Wealth Mangement LLC now owns 13,481 shares of the company’s stock worth $595,000 after acquiring an additional 942 shares during the period. Kestra Advisory Services LLC boosted its position in shares of American Beacon GLG Natural Resources ETF by 5.3% during the 4th quarter. Kestra Advisory Services LLC now owns 20,567 shares of the company’s stock valued at $907,000 after acquiring an additional 1,032 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of 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 valued at $108,000 after acquiring an additional 1,053 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 1.4% in the third quarter. Anchor Capital Advisors LLC now owns 76,927 shares of the company’s stock valued at $3,112,000 after purchasing an additional 1,061 shares during the period.

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.