FPA Global Equity ETF (BATS:FPAG) Stock Short Interest Drops 41.7%

FPA Global Equity ETF (BATS:FPAG – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 44,429 shares, a drop of 41.7% from the August 31st total of 76,153 shares. Based on an average daily volume of 70,317 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are short sold.

Hedge Funds Weigh In On FPA Global Equity ETF

An institutional investor recently raised its position in FPA Global Equity ETF stock. Bank of New York Mellon Corp lifted its position in FPA Global Equity ETF (BATS:FPAG – Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,992 shares of the company’s stock after acquiring 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.

FPA Global Equity ETF Stock Down 0.3%

Shares of BATS:FPAG opened at $41.17 on Wednesday. The stock has a market cap of $256.49 million, a price-to-earnings ratio of 20.38 and a beta of 1.02. FPA Global Equity ETF has a 12-month low of $34.75 and a 12-month high of $43.56. The business’s 50 day moving average is $42.00 and its 200 day moving average is $39.98.

FPA Global Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.0871 per share. This is a drop from FPA Global Equity ETF’s previous quarterly dividend of $0.1315. The ex-dividend date was Tuesday, September 15th. This represents a $0.35 annualized dividend and a yield of 0.8%.

FPA Global Equity ETF Company Profile

(Get Free Report)

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.

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