American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) Short Interest Down 58.9% in February

American Beacon GLG Natural Resources ETF (NYSEARCA:MGNR) was the recipient of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 366,399 shares, a drop of 58.9% from the February 12th total of 892,162 shares. Based on an average daily volume of 129,702 shares, the short-interest ratio is presently 2.8 days. Currently, 3.7% of the company’s shares are short sold. Currently, 3.7% of the company’s shares are short sold. Based on an average daily volume of 129,702 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of American Beacon GLG Natural Resources ETF in the fourth quarter valued at approximately $62,000. Osaic Holdings Inc. raised its holdings in shares of American Beacon GLG Natural Resources ETF by 47.9% in the second quarter. Osaic Holdings Inc. now owns 3,253 shares of the company’s stock worth $108,000 after acquiring an additional 1,053 shares during the last quarter. Comerica Bank raised its stake in American Beacon GLG Natural Resources ETF by 18.6% in the 4th quarter. Comerica Bank now owns 3,167 shares of the company’s stock valued at $140,000 after purchasing an additional 497 shares during the last quarter. Harbour Investments Inc. lifted its holdings in American Beacon GLG Natural Resources ETF by 41.8% in the 4th quarter. Harbour Investments Inc. now owns 5,625 shares of the company’s stock valued at $248,000 after purchasing an additional 1,658 shares in the last quarter. Finally, Worth Asset Management LLC purchased a new position in American Beacon GLG Natural Resources ETF in the 3rd quarter valued at about $251,000.

American Beacon GLG Natural Resources ETF Stock Performance

Shares of MGNR stock opened at $50.97 on Wednesday. The firm has a market cap of $507.15 million, a P/E ratio of 22.05 and a beta of 0.89. The firm’s 50 day moving average price is $50.03 and its 200-day moving average price is $44.03. American Beacon GLG Natural Resources ETF has a one year low of $24.79 and a one year high of $54.56.

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.