American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 85,030 shares, a growth of 177.4% from the June 30th total of 30,653 shares. Based on an average trading volume of 108,041 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are sold short.
Hedge Funds Weigh In On American Beacon GLG Natural Resources ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC grew its holdings in American Beacon GLG Natural Resources ETF by 81.7% during the first quarter. Janney Montgomery Scott LLC now owns 539,000 shares of the company’s stock valued at $27,802,000 after purchasing an additional 242,301 shares during the period. Woodard & Co. Asset Management Group Inc. ADV raised its holdings in American Beacon GLG Natural Resources ETF by 158.2% in the fourth 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. Midland Wealth Advisors LLC raised its holdings in American Beacon GLG Natural Resources ETF by 13.1% in the fourth quarter. Midland Wealth Advisors LLC now owns 1,292,832 shares of the company’s stock worth $57,014,000 after purchasing an additional 149,850 shares during the period. NewEdge Advisors LLC boosted its position in shares of American Beacon GLG Natural Resources ETF by 123.7% during the third quarter. NewEdge Advisors LLC now owns 145,280 shares of the company’s stock worth $5,877,000 after purchasing an additional 80,336 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of American Beacon GLG Natural Resources ETF by 35.7% during the fourth quarter. Osaic Holdings Inc. now owns 223,988 shares of the company’s stock worth $9,878,000 after purchasing an additional 58,881 shares in the last quarter.
American Beacon GLG Natural Resources ETF Price Performance
Shares of American Beacon GLG Natural Resources ETF stock traded down $0.78 on Monday, hitting $48.76. 66,558 shares of the company’s stock traded hands, compared to its average volume of 117,213. The firm’s 50-day moving average price is $50.80 and its two-hundred day moving average price is $51.19. The stock has a market capitalization of $867.93 million, a PE ratio of 22.05 and a beta of 0.73. American Beacon GLG Natural Resources ETF has a one year low of $32.47 and a one year high of $56.37.
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.
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