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

FPA Global Equity ETF (BATS:FPAG) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 103,944 shares, a decline of 64.3% from the July 30th total of 291,458 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 32,493 shares, the short-interest ratio is presently 3.2 days.

Institutional Investors Weigh In On FPA Global Equity ETF

A hedge fund recently raised its stake in FPA Global Equity ETF stock. Bank of New York Mellon Corp increased its position in FPA Global Equity ETF (BATS:FPAG) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 543,992 shares of the company’s stock after buying an additional 10,922 shares during the period. Bank of New York Mellon Corp owned 8.73% of FPA Global Equity ETF worth $19,736,000 at the end of the most recent quarter.

FPA Global Equity ETF Stock Down 0.6%

Shares of FPAG stock opened at $42.85 on Friday. The company’s fifty day simple moving average is $41.30 and its two-hundred day simple moving average is $39.52. FPA Global Equity ETF has a 52 week low of $34.75 and a 52 week high of $43.56. The stock has a market cap of $266.96 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.