FPA Global Equity ETF (BATS:FPAG) Short Interest Down 42.8% in April

FPA Global Equity ETF (BATS:FPAG) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 89,887 shares, a decrease of 42.8% from the April 15th total of 157,080 shares. Based on an average daily trading volume, of 112,495 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.4% of the shares of the stock are short sold.

Institutional Investors Weigh In On 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 first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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 Down 1.2%

FPA Global Equity ETF stock opened at $38.74 on Friday. FPA Global Equity ETF has a 52-week low of $31.39 and a 52-week high of $40.35. The firm has a market capitalization of $241.35 million, a price-to-earnings ratio of 20.38 and a beta of 1.02. The company has a fifty day simple moving average of $37.67 and a 200-day simple moving average of $37.72.

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.