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

FPA Global Equity ETF (BATS:FPAG) was the target of a significant growth in short interest in 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. Currently, 2.0% of the shares of the company are sold short. Based on an average daily volume of 72,598 shares, the short-interest ratio is currently 1.7 days.

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 grew its holdings in FPA Global Equity ETF (BATS:FPAG) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (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 about 8.73% of FPA Global Equity ETF worth $19,736,000 at the end of the most recent quarter.

FPA Global Equity ETF Stock Up 2.2%

Shares of FPA Global Equity ETF stock traded up $0.87 on Monday, reaching $40.93. 1,075 shares of the stock were exchanged, compared to its average volume of 98,772. The business has a 50 day moving average price of $38.96 and a two-hundred day moving average price of $38.24. The firm has a market capitalization of $254.99 million, a price-to-earnings ratio of 20.38 and a beta of 1.02. FPA Global Equity ETF has a twelve month low of $32.50 and a twelve month high of $40.95.

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.