First Eagle Overseas Equity ETF (NYSE:FEOE) Sees Significant Growth in Short Interest

First Eagle Overseas Equity ETF (NYSE:FEOE) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 465,016 shares, a growth of 265.9% from the August 15th total of 127,074 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 470,933 shares, the short-interest ratio is currently 1.0 days.

First Eagle Overseas Equity ETF Price Performance

Shares of FEOE stock traded up $0.64 during trading hours on Friday, reaching $55.29. The stock had a trading volume of 174,853 shares, compared to its average volume of 272,925. The firm has a market capitalization of $1.60 billion, a PE ratio of 16.06 and a beta of 0.33. The firm has a 50-day simple moving average of $55.26 and a 200-day simple moving average of $53.65. First Eagle Overseas Equity ETF has a twelve month low of $45.26 and a twelve month high of $57.70.

Institutional Investors Weigh In On First Eagle Overseas Equity ETF

Large investors have recently made changes to their positions in the company. Birchwood Financial Partners Inc. acquired a new position in shares of First Eagle Overseas Equity ETF during the first quarter worth approximately $40,000. IMA Advisory Services Inc. acquired a new stake in First Eagle Overseas Equity ETF in the 4th quarter valued at approximately $48,000. AdvisorNet Financial Inc bought a new stake in First Eagle Overseas Equity ETF during the 1st quarter valued at $63,000. Hilton Head Capital Partners LLC bought a new stake in First Eagle Overseas Equity ETF during the 4th quarter valued at $74,000. Finally, Sittner & Nelson LLC raised its stake in First Eagle Overseas Equity ETF by 81.9% during the 3rd quarter. Sittner & Nelson LLC now owns 3,637 shares of the company’s stock valued at $168,000 after acquiring an additional 1,637 shares in the last quarter.

First Eagle Overseas Equity ETF Company Profile

The First Eagle Overseas Equity ETF (FEOE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, primarily investing in equities of non-US companies. Utilizing a value investment approach, it seeks firms with a margin of safety, prioritizing those trading below intrinsic value to mitigate risks FEOE was launched on Dec 19, 2024 and is issued by First Eagle.