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 target of a significant 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. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 79,540 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF

A number of hedge funds have recently bought and sold shares of MGNR. Avalon Trust Co purchased a new position in American Beacon GLG Natural Resources ETF during the first quarter worth about $52,000. Northwestern Mutual Wealth Management Co. purchased a new stake in American Beacon GLG Natural Resources ETF in the 4th quarter valued at about $62,000. Osaic Holdings Inc. increased its stake in American Beacon GLG Natural Resources ETF by 47.9% in the 2nd quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock valued at $108,000 after buying an additional 1,053 shares during the last quarter. Comerica Bank lifted its position in shares of American Beacon GLG Natural Resources ETF by 18.6% during the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock worth $140,000 after buying an additional 497 shares in the last quarter. Finally, Fifth Third Bancorp bought a new position in shares of American Beacon GLG Natural Resources ETF during the 1st quarter worth approximately $216,000.

American Beacon GLG Natural Resources ETF Stock Performance

American Beacon GLG Natural Resources ETF stock traded up $0.10 during mid-day trading on Wednesday, reaching $52.82. The stock had a trading volume of 27,046 shares, compared to its average volume of 114,753. American Beacon GLG Natural Resources ETF has a fifty-two week low of $34.34 and a fifty-two week high of $56.37. The stock’s 50-day simple moving average is $49.87 and its 200-day simple moving average is $51.43. The firm has a market capitalization of $912.20 million, a PE ratio of 22.05 and a beta of 0.74.

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.