American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Down 89.2% in July

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 9,210 shares, a decrease of 89.2% from the July 15th total of 85,030 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 79,540 shares, the short-interest ratio is currently 0.1 days.

American Beacon GLG Natural Resources ETF Trading Down 1.1%

MGNR stock traded down $0.60 during mid-day trading on Thursday, hitting $52.25. The stock had a trading volume of 61,352 shares, compared to its average volume of 115,055. The stock has a market capitalization of $902.36 million, a price-to-earnings ratio of 22.05 and a beta of 0.74. American Beacon GLG Natural Resources ETF has a 1-year low of $34.34 and a 1-year high of $56.37. The company has a fifty day moving average of $49.76 and a 200 day moving average of $51.45.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Several hedge funds have recently made changes to their positions in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of American Beacon GLG Natural Resources ETF by 85.0% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 8,034 shares of the company’s stock valued at $390,000 after purchasing an additional 3,692 shares in the last quarter. Harbor Investment Advisory LLC lifted its stake in American Beacon GLG Natural Resources ETF by 6.9% during the second quarter. Harbor Investment Advisory LLC now owns 101,445 shares of the company’s stock worth $4,925,000 after purchasing an additional 6,583 shares during the period. NewEdge Advisors LLC boosted its holdings in American Beacon GLG Natural Resources ETF by 77.2% during the first quarter. NewEdge Advisors LLC now owns 148,319 shares of the company’s stock valued at $7,650,000 after purchasing an additional 64,632 shares in the last quarter. Signature Equity Partners LLC acquired a new stake in American Beacon GLG Natural Resources ETF during the first quarter valued at approximately $1,383,000. Finally, Avalon Trust Co bought a new stake in shares of American Beacon GLG Natural Resources ETF in the 1st quarter valued at approximately $52,000.

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.