American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Down 96.7% in March

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the target of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 12,153 shares, a decrease of 96.7% from the February 26th total of 366,399 shares. Based on an average daily trading volume, of 92,453 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 92,453 shares, the short-interest ratio is presently 0.1 days.

American Beacon GLG Natural Resources ETF Stock Up 3.8%

MGNR stock traded up $1.85 during midday trading on Wednesday, reaching $50.85. The company had a trading volume of 51,825 shares, compared to its average volume of 140,792. The firm has a market capitalization of $505.96 million, a PE ratio of 22.05 and a beta of 0.89. The stock has a 50 day moving average price of $50.89 and a 200 day moving average price of $44.98. American Beacon GLG Natural Resources ETF has a fifty-two week low of $24.79 and a fifty-two week high of $54.56.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MGNR. NewEdge Advisors LLC bought a new stake in American Beacon GLG Natural Resources ETF in the first quarter valued at $253,000. Jane Street Group LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 51.5% in the 1st quarter. Jane Street Group LLC now owns 31,928 shares of the company’s stock worth $951,000 after acquiring an additional 10,859 shares during the period. Quadcap Wealth Management LLC increased its holdings in shares of American Beacon GLG Natural Resources ETF by 14.7% in the 2nd quarter. Quadcap Wealth Management LLC now owns 106,564 shares of the company’s stock worth $3,540,000 after acquiring an additional 13,678 shares during the period. CW Advisors LLC lifted its position in American Beacon GLG Natural Resources ETF by 87.4% in the 2nd quarter. CW Advisors LLC now owns 98,064 shares of the company’s stock valued at $3,258,000 after purchasing an additional 45,748 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position 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 purchasing an additional 1,053 shares during the last quarter.

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.