First Eagle Global Equity ETF (NYSE:FEGE) Stock Short Interest Falls 45.2%

First Eagle Global Equity ETF (NYSE:FEGE) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 197,641 shares, a decline of 45.2% from the September 30th total of 360,875 shares. Based on an average daily volume of 321,297 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are short sold.

First Eagle Global Equity ETF Stock Up 0.2%

NYSE:FEGE traded up $0.12 during mid-day trading on Monday, reaching $51.95. 594,173 shares of the stock were exchanged, compared to its average volume of 363,364. The company has a 50 day simple moving average of $51.80 and a 200-day simple moving average of $50.09. The stock has a market capitalization of $2.77 billion, a P/E ratio of 18.15 and a beta of 0.54. First Eagle Global Equity ETF has a 1 year low of $43.55 and a 1 year high of $53.53.

Institutional Investors Weigh In On First Eagle Global Equity ETF

Several large investors have recently modified their holdings of the company. MN Wealth Advisors LLC raised its position in First Eagle Global Equity ETF by 5.7% in the 3rd quarter. MN Wealth Advisors LLC now owns 312,619 shares of the company’s stock valued at $15,690,000 after purchasing an additional 16,899 shares during the last quarter. Equitable Trust Co. boosted its stake in First Eagle Global Equity ETF by 363.2% during 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 during the period. Wedbush Securities Inc. acquired a new stake in First Eagle Global Equity ETF during the 3rd quarter worth $6,451,000. MJT & Associates Financial Advisory Group Inc. grew its position in First Eagle Global Equity ETF by 12.5% during the 3rd quarter. MJT & Associates Financial Advisory Group Inc. now owns 14,463 shares of the company’s stock worth $726,000 after purchasing an additional 1,604 shares during the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in First Eagle Global Equity ETF during the 3rd quarter worth $412,000.

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.