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

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large decrease in short interest in 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. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 95,956 shares, the days-to-cover ratio is currently 0.1 days.

American Beacon GLG Natural Resources ETF Stock Up 1.7%

American Beacon GLG Natural Resources ETF stock traded up $0.91 during mid-day trading on Thursday, reaching $54.50. 116,380 shares of the company’s stock were exchanged, compared to its average volume of 129,106. The company has a market cap of $804.97 million, a P/E ratio of 22.05 and a beta of 0.68. American Beacon GLG Natural Resources ETF has a twelve month low of $30.91 and a twelve month high of $55.44. The company has a fifty day moving average of $52.54 and a 200-day moving average of $49.01.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Hedge funds have recently added to or reduced their stakes in the business. Magnolia Private Wealth LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 3rd quarter valued at approximately $433,000. CWM LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 20.9% in the 4th quarter. CWM LLC now owns 224,209 shares of the company’s stock valued at $9,888,000 after purchasing an additional 38,764 shares during the last quarter. 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. Financial Security Advisor Inc. increased its position in shares of American Beacon GLG Natural Resources ETF by 77.5% in the 4th quarter. Financial Security Advisor Inc. now owns 40,659 shares of the company’s stock valued at $1,793,000 after purchasing an additional 17,747 shares during the last quarter. Finally, Pursuit Wealth Management LLC purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the 4th quarter valued at approximately $807,000.

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.