American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Shares Shorted: Short Interest Down 82.7% in September

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) saw a large drop in short interest in September. As of September 30th, there was short interest totaling 17,268 shares, a drop of 82.7% from the September 15th total of 99,710 shares. Based on an average daily volume of 245,811 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MGNR. CapWealth Advisors LLC raised its stake in shares of American Beacon GLG Natural Resources ETF by 0.5% in the third quarter. CapWealth Advisors LLC now owns 614,101 shares of the company’s stock valued at $30,287,000 after purchasing an additional 2,765 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in American Beacon GLG Natural Resources ETF by 81.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock valued at $27,802,000 after buying an additional 242,301 shares in the last quarter. NewEdge Advisors LLC raised its stake in American Beacon GLG Natural Resources ETF by 40.1% during the second quarter. NewEdge Advisors LLC now owns 207,758 shares of the company’s stock worth $10,087,000 after acquiring an additional 59,439 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of American Beacon GLG Natural Resources ETF by 6.9% in the 2nd 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 last quarter. Finally, SFG Wealth Management LLC. increased its position in shares of American Beacon GLG Natural Resources ETF by 4.8% during the 2nd quarter. SFG Wealth Management LLC. now owns 56,569 shares of the company’s stock worth $2,746,000 after purchasing an additional 2,594 shares in the last quarter.

American Beacon GLG Natural Resources ETF Price Performance

NYSEARCA:MGNR traded up $0.45 during trading hours on Friday, reaching $49.77. The company’s stock had a trading volume of 62,307 shares, compared to its average volume of 151,947. American Beacon GLG Natural Resources ETF has a one year low of $39.11 and a one year high of $56.45. The business’s 50-day moving average is $52.66 and its 200-day moving average is $51.89. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82.

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.