Short Interest in American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Decreases By 70.6%

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 40,223 shares, a decrease of 70.6% from the January 15th total of 136,954 shares. Based on an average trading volume of 176,176 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.4% of the company’s stock are short sold. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 176,176 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Several large investors have recently added to or reduced their stakes in the company. Midland Wealth Advisors LLC bought a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter valued at $46,234,000. Woodard & Co. Asset Management Group Inc. ADV increased its stake in American Beacon GLG Natural Resources ETF by 158.2% in the 4th quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 330,547 shares of the company’s stock worth $14,577,000 after purchasing an additional 202,503 shares during the period. Sendero Wealth Management LLC boosted its position in American Beacon GLG Natural Resources ETF by 16.9% during the 3rd quarter. Sendero Wealth Management LLC now owns 1,067,363 shares of the company’s stock valued at $43,175,000 after buying an additional 154,497 shares during the period. NewEdge Advisors LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 123.7% in the third quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock valued at $5,877,000 after acquiring an additional 80,336 shares during the period. Finally, CW Advisors LLC increased its position in shares of American Beacon GLG Natural Resources ETF by 87.4% in the second quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock valued at $3,258,000 after acquiring an additional 45,748 shares during the period.

American Beacon GLG Natural Resources ETF Stock Up 2.3%

American Beacon GLG Natural Resources ETF stock traded up $1.21 during midday trading on Wednesday, hitting $53.04. 88,118 shares of the stock were exchanged, compared to its average volume of 147,154. American Beacon GLG Natural Resources ETF has a 52-week low of $24.79 and a 52-week high of $53.06. The business’s 50-day moving average price is $46.67 and its 200-day moving average price is $41.46. The stock has a market capitalization of $527.75 million, a price-to-earnings ratio of 22.05 and a beta of 0.89.

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.