FPA Global Equity ETF (BATS:FPAG) Short Interest Down 42.8% in April

FPA Global Equity ETF (BATS:FPAG) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 89,887 shares, a decrease of 42.8% from the April 15th total of 157,080 shares. Based on an average daily trading volume, of 112,495 shares, the days-to-cover ratio is presently 0.8 days. Currently, 1.4% of the company’s shares are sold short.

Institutional Trading of FPA Global Equity ETF

A hedge fund recently raised its stake in FPA Global Equity ETF stock. Bank of New York Mellon Corp lifted its holdings in shares of FPA Global Equity ETF (BATS:FPAG) by 2.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 543,992 shares of the company’s stock after purchasing an additional 10,922 shares during the quarter. Bank of New York Mellon Corp owned about 8.73% of FPA Global Equity ETF worth $19,736,000 as of its most recent filing with the SEC.

FPA Global Equity ETF Price Performance

BATS FPAG opened at $38.74 on Friday. The firm’s 50-day moving average is $37.67 and its two-hundred day moving average is $37.72. FPA Global Equity ETF has a 12 month low of $31.39 and a 12 month high of $40.35. The stock has a market capitalization of $241.35 million, a P/E ratio of 20.38 and a beta of 1.02.

About FPA Global Equity ETF

The FPA Global Equity ETF (FPAG) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects global large- and mid-cap stocks offered at a substantial discount relative to their intrinsic value and have a favorable outlook for growth. FPAG was launched on Dec 17, 2021 and is managed by FPA.