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

FPA Global Equity ETF (BATS:FPAG) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 103,944 shares, a decrease of 64.3% from the July 30th total of 291,458 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 32,493 shares, the short-interest ratio is presently 3.2 days.

FPA Global Equity ETF Stock Performance

Shares of FPAG stock opened at $42.86 on Friday. FPA Global Equity ETF has a 1 year low of $34.75 and a 1 year high of $43.56. The stock has a market cap of $267.02 million, a PE ratio of 20.38 and a beta of 1.02. The business’s fifty day moving average is $41.36 and its 200-day moving average is $39.54.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FPA Global Equity ETF stock. Bank of New York Mellon Corp boosted its holdings in FPA Global Equity ETF (BATS:FPAG) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 543,992 shares of the company’s stock after acquiring 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.

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.