FPA Global Equity ETF (BATS:FPAG) Sees Significant Drop in Short Interest

FPA Global Equity ETF (BATS:FPAG) saw a large decline in short interest in 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 daily volume of 32,493 shares, the short-interest ratio is currently 3.2 days.

FPA Global Equity ETF Stock Up 0.0%

Shares of FPAG opened at $42.86 on Friday. FPA Global Equity ETF has a 52-week low of $34.75 and a 52-week high of $43.56. The company has a 50-day simple moving average of $41.36 and a 200-day simple moving average of $39.54. The company has a market capitalization of $267.02 million, a PE ratio of 20.38 and a beta of 1.02.

Hedge Funds 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 boosted its position in shares of FPA Global Equity ETF (BATS:FPAG) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 543,992 shares of the company’s stock after purchasing 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 Company Profile

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.