First Eagle Global Equity ETF (NYSE:FEGE) Shares Shorted: Short Interest Down 45.2% in October

First Eagle Global Equity ETF (NYSE:FEGE) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 197,641 shares, a decline of 45.2% from the September 30th total of 360,875 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 321,297 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On First Eagle Global Equity ETF

Hedge funds have recently modified their holdings of the company. Cornerstone Planning Group LLC purchased a new position in First Eagle Global Equity ETF in the first quarter worth approximately $35,000. MJT & Associates Financial Advisory Group Inc. increased its stake in First Eagle Global Equity ETF by 12.5% during the third quarter. MJT & Associates Financial Advisory Group Inc. now owns 14,463 shares of the company’s stock worth $726,000 after purchasing an additional 1,604 shares during the period. Harbor Investment Advisory LLC purchased a new stake in First Eagle Global Equity ETF during the 1st quarter worth approximately $78,000. Allied Private Wealth LLC purchased a new stake in shares of First Eagle Global Equity ETF during the second quarter worth $186,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in First Eagle Global Equity ETF during the 1st quarter worth about $245,000.

First Eagle Global Equity ETF Stock Down 0.3%

Shares of First Eagle Global Equity ETF stock traded down $0.15 during trading hours on Friday, reaching $51.70. 1,105,630 shares of the company’s stock were exchanged, compared to its average volume of 362,260. The company has a market capitalization of $2.69 billion, a P/E ratio of 18.15 and a beta of 0.54. First Eagle Global Equity ETF has a 1 year low of $43.55 and a 1 year high of $53.53. The business has a fifty day moving average of $51.83 and a two-hundred day moving average of $50.07.

First Eagle Global Equity ETF Company Profile

The First Eagle Global Equity ETF (FEGE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US and non-US equities. The fund aims for capital growth, utilizing a value approach to identify undervalued companies while prioritizing a margin of safety FEGE was launched on Dec 19, 2024 and is issued by First Eagle.