American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Stock Short Interest Report for September

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

American Beacon GLG Natural Resources ETF Price Performance

American Beacon GLG Natural Resources ETF stock traded down $0.12 during trading hours on Monday, hitting $49.65. The stock had a trading volume of 95,403 shares, compared to its average volume of 151,681. American Beacon GLG Natural Resources ETF has a 1-year low of $39.11 and a 1-year high of $56.45. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.05 and a beta of 0.82. The stock’s fifty day moving average is $52.66 and its two-hundred day moving average is $51.91.

Institutional Investors Weigh In On American Beacon GLG Natural Resources ETF

Several institutional investors and hedge funds have recently made changes to their positions in MGNR. Allworth Financial LP purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the second quarter valued at about $33,000. Avalon Trust Co acquired a new stake in shares of American Beacon GLG Natural Resources ETF in the first quarter valued at approximately $52,000. IFP Advisors Inc grew its position in shares of American Beacon GLG Natural Resources ETF by 100.0% in the second quarter. IFP Advisors Inc now owns 2,000 shares of the company’s stock valued at $97,000 after purchasing an additional 1,000 shares during the last quarter. Principia Wealth Advisory LLC grew its position in shares of American Beacon GLG Natural Resources ETF by 33.6% in the second quarter. Principia Wealth Advisory LLC now owns 5,925 shares of the company’s stock valued at $288,000 after purchasing an additional 1,490 shares during the last quarter. Finally, SFG Wealth Management LLC. increased its stake 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.

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.