First Eagle Global Equity ETF (NYSE:FEGE) Stock Short Interest Rises 116.9%

First Eagle Global Equity ETF (NYSE:FEGE) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 297,212 shares, an increase of 116.9% from the August 31st total of 137,040 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 366,390 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On First Eagle Global Equity ETF

Several large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in First Eagle Global Equity ETF by 176.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 462,933 shares of the company’s stock valued at $21,758,000 after buying an additional 295,337 shares during the last quarter. Equitable Trust Co. increased its stake in First Eagle Global Equity ETF by 363.2% in the 1st quarter. Equitable Trust Co. now owns 266,489 shares of the company’s stock valued at $12,525,000 after buying an additional 208,961 shares during the period. Nations Financial Group Inc. IA ADV raised its position in First Eagle Global Equity ETF by 40.0% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 51,106 shares of the company’s stock worth $2,402,000 after buying an additional 14,600 shares during the last quarter. MJT & Associates Financial Advisory Group Inc. lifted its stake in shares of First Eagle Global Equity ETF by 54.8% in the 2nd quarter. MJT & Associates Financial Advisory Group Inc. now owns 12,859 shares of the company’s stock worth $629,000 after acquiring an additional 4,552 shares during the period. Finally, Eldridge Investment Advisors Inc. lifted its stake in shares of First Eagle Global Equity ETF by 14.6% in the 4th quarter. Eldridge Investment Advisors Inc. now owns 10,007 shares of the company’s stock worth $461,000 after acquiring an additional 1,277 shares during the period.

First Eagle Global Equity ETF Trading Down 0.5%

Shares of NYSE FEGE traded down $0.26 during midday trading on Tuesday, reaching $50.58. 468,291 shares of the company were exchanged, compared to its average volume of 361,280. The stock has a market cap of $2.49 billion, a P/E ratio of 18.15 and a beta of 0.50. First Eagle Global Equity ETF has a 1 year low of $43.38 and a 1 year high of $53.53. The stock has a fifty day simple moving average of $51.90 and a 200 day simple moving average of $49.98.

About First Eagle Global Equity ETF

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.