FPA Global Equity ETF (BATS:FPAG) Short Interest Update

FPA Global Equity ETF (BATS:FPAG) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 103,944 shares, a drop of 64.3% from the July 30th total of 291,458 shares. Based on an average daily volume of 32,493 shares, the days-to-cover ratio is currently 3.2 days. Approximately 1.7% of the shares of the stock are sold short.

FPA Global Equity ETF Trading Down 0.6%

Shares of FPAG opened at $42.85 on Friday. The business’s 50 day moving average is $41.30 and its 200 day moving average is $39.52. FPA Global Equity ETF has a 12-month low of $34.75 and a 12-month high of $43.56. The company has a market capitalization of $266.96 million, a PE ratio of 20.38 and a beta of 1.02.

Institutional Investors Weigh In On FPA Global Equity ETF

A hedge fund recently raised its position in FPA Global Equity ETF stock. Bank of New York Mellon Corp lifted its stake in 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 buying an additional 10,922 shares during the quarter. Bank of New York Mellon Corp owned approximately 8.73% of FPA Global Equity ETF worth $19,736,000 at the end of the most recent reporting period.

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.