FPA Global Equity ETF (BATS:FPAG) Shares Shorted: Short Interest Down 72.1% in October

FPA Global Equity ETF (BATS:FPAG) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 29,561 shares, a decline of 72.1% from the October 15th total of 106,021 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 39,058 shares, the short-interest ratio is currently 0.8 days.

FPA Global Equity ETF Price Performance

Shares of FPAG stock opened at $42.72 on Friday. The company has a market capitalization of $676.26 million, a P/E ratio of 21.22 and a beta of 0.98. The company’s 50-day simple moving average is $41.79 and its two-hundred day simple moving average is $40.14. FPA Global Equity ETF has a one year low of $34.75 and a one year high of $43.58.

FPA Global Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Investors of record on Tuesday, September 15th were issued a $0.0871 dividend. The ex-dividend date was Tuesday, September 15th. This is a negative change from FPA Global Equity ETF’s previous quarterly dividend of $0.1315. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.8%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in FPA Global Equity ETF stock. Bank of New York Mellon Corp boosted its position in shares of FPA Global Equity ETF (BATS:FPAG) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 Securities & Exchange Commission.

FPA Global Equity ETF Company Profile

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.