Short Interest in FPA Global Equity ETF (BATS:FPAG) Increases By 109.9%

FPA Global Equity ETF (BATS:FPAG) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 122,283 shares, a growth of 109.9% from the May 14th total of 58,258 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average trading volume of 72,598 shares, the short-interest ratio is presently 1.7 days.

FPA Global Equity ETF Price Performance

Shares of FPA Global Equity ETF stock traded up $0.05 on Friday, hitting $40.06. 42,169 shares of the company’s stock traded hands, compared to its average volume of 99,650. The firm’s 50-day moving average price is $38.96 and its two-hundred day moving average price is $38.22. The stock has a market capitalization of $249.57 million, a PE ratio of 20.38 and a beta of 1.02. FPA Global Equity ETF has a one year low of $32.50 and a one year high of $40.47.

Institutional Trading of FPA Global Equity ETF

An institutional investor recently raised its position in FPA Global Equity ETF stock. Bank of New York Mellon Corp raised its holdings 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 SEC. The fund owned 543,992 shares of the company’s stock after acquiring an additional 10,922 shares during the period. 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.

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.