FPA Global Equity ETF (BATS:FPAG) Shares Shorted: Short Interest Up 118.8% in October

FPA Global Equity ETF (BATS:FPAG) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 106,021 shares, an increase of 118.8% from the September 30th total of 48,460 shares. Based on an average daily trading volume, of 23,437 shares, the days-to-cover ratio is currently 4.5 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FPA Global Equity ETF stock. Bank of New York Mellon Corp raised its position in shares of FPA Global Equity ETF (BATS:FPAG) by 2.0% in the 1st quarter, according to 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 buying an additional 10,922 shares during the quarter. Bank of New York Mellon Corp owned about 8.73% of FPA Global Equity ETF worth $19,736,000 as of its most recent SEC filing.

FPA Global Equity ETF Stock Performance

Shares of FPA Global Equity ETF stock opened at $42.04 on Friday. FPA Global Equity ETF has a fifty-two week low of $34.75 and a fifty-two week high of $43.56. The company has a market capitalization of $261.91 million, a P/E ratio of 20.38 and a beta of 1.02. The company has a fifty day moving average of $41.79 and a 200 day moving average of $39.94.

FPA Global Equity ETF Cuts Dividend

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

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.