First Eagle Global Equity ETF (NYSE:FEGE) Stock Short Interest Jumps 116.9%

First Eagle Global Equity ETF (NYSE:FEGE) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 297,212 shares, an increase of 116.9% from the August 31st total of 137,040 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 366,390 shares, the days-to-cover ratio is presently 0.8 days.

First Eagle Global Equity ETF Stock Performance

Shares of FEGE opened at $50.58 on Wednesday. The stock has a 50 day moving average price of $51.90 and a 200 day moving average price of $49.98. First Eagle Global Equity ETF has a one year low of $43.38 and a one year high of $53.53. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 18.15 and a beta of 0.50.

Institutional Investors Weigh In On First Eagle Global Equity ETF

A number of large investors have recently modified their holdings of the business. Nations Financial Group Inc. IA ADV raised its holdings in First Eagle Global Equity ETF by 40.0% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 51,106 shares of the company’s stock valued at $2,402,000 after acquiring an additional 14,600 shares during the last quarter. Equitable Trust Co. lifted its stake in First Eagle Global Equity ETF by 363.2% in the 1st quarter. Equitable Trust Co. now owns 266,489 shares of the company’s stock worth $12,525,000 after purchasing an additional 208,961 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Eagle Global Equity ETF by 176.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 462,933 shares of the company’s stock worth $21,758,000 after purchasing an additional 295,337 shares during the last quarter. Allied Private Wealth LLC acquired a new position in shares of First Eagle Global Equity ETF during the 2nd quarter worth approximately $186,000. Finally, MJT & Associates Financial Advisory Group Inc. grew its position in shares of First Eagle Global Equity ETF by 54.8% in the second quarter. MJT & Associates Financial Advisory Group Inc. now owns 12,859 shares of the company’s stock valued at $629,000 after purchasing an additional 4,552 shares in the last quarter.

About First Eagle Global Equity ETF

The First Eagle Global Equity ETF (FEGE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US and non-US equities. The fund aims for capital growth, utilizing a value approach to identify undervalued companies while prioritizing a margin of safety FEGE was launched on Dec 19, 2024 and is issued by First Eagle.