FPA Global Equity ETF (BATS:FPAG) Stock Short Interest Drops 41.7%

FPA Global Equity ETF (BATS:FPAG – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 44,429 shares, a decrease of 41.7% from the August 31st total of 76,153 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 70,317 shares, the short-interest ratio is presently 0.6 days.

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 grew its stake in shares of FPA Global Equity ETF (BATS:FPAG – Free Report) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 543,992 shares of the company’s stock after purchasing an additional 10,922 shares during the period. Bank of New York Mellon Corp owned approximately 8.73% of FPA Global Equity ETF worth $19,736,000 as of its most recent filing with the Securities and Exchange Commission.

FPA Global Equity ETF Stock Down 0.3%

Shares of FPAG stock opened at $41.17 on Wednesday. The firm has a 50 day moving average of $42.00 and a 200-day moving average of $39.98. The company has a market cap of $256.49 million, a price-to-earnings ratio of 20.38 and a beta of 1.02. FPA Global Equity ETF has a 52 week low of $34.75 and a 52 week high of $43.56.

FPA Global Equity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Tuesday, September 15th were issued a $0.0871 dividend. The ex-dividend date was Tuesday, September 15th. This is a negative change from FPA Global Equity ETF’s previous quarterly dividend of $0.1315. This represents a $0.35 dividend on an annualized basis and a yield of 0.8%.

FPA Global Equity ETF Company Profile

(Get Free Report)

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.

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