Short Interest in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Decreases By 49.6%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 3,644 shares, a decrease of 49.6% from the November 30th total of 7,226 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 74,029 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 74,029 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. raised its stake in shares of American Beacon GLG Natural Resources ETF by 47.9% during the second 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. Anchor Capital Advisors LLC increased its stake in American Beacon GLG Natural Resources ETF by 1.4% during the 3rd 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 in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of American Beacon GLG Natural Resources ETF by 2.2% in the second quarter. Envestnet Asset Management Inc. now owns 71,020 shares of the company’s stock worth $2,359,000 after purchasing an additional 1,557 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in American Beacon GLG Natural Resources ETF by 88.6% in the second quarter. Farther Finance Advisors LLC now owns 6,121 shares of the company’s stock worth $203,000 after purchasing an additional 2,876 shares during the last quarter. Finally, Harbour Investments Inc. bought a new position in shares of American Beacon GLG Natural Resources ETF in the 2nd quarter worth approximately $106,000.

American Beacon GLG Natural Resources ETF Trading Up 0.7%

MGNR stock traded up $0.32 during mid-day trading on Friday, hitting $44.90. The stock had a trading volume of 10,555 shares, compared to its average volume of 39,687. The firm has a market capitalization of $316.55 million, a P/E ratio of 22.05 and a beta of 0.89. The firm has a fifty day simple moving average of $42.06 and a 200 day simple moving average of $38.01. American Beacon GLG Natural Resources ETF has a 52 week low of $24.79 and a 52 week high of $45.04.

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.