FPA Global Equity ETF (BATS:FPAG) Shares Shorted: Short Interest Down 72.1% in October

FPA Global Equity ETF (BATS:FPAG) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 29,561 shares, a decrease of 72.1% from the October 15th total of 106,021 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 39,058 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of FPA Global Equity ETF

A hedge fund recently raised its stake in FPA Global Equity ETF stock. Bank of New York Mellon Corp lifted its holdings in FPA Global Equity ETF (BATS:FPAG) by 2.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 543,992 shares of the company’s stock after acquiring an additional 10,922 shares during the period. Bank of New York Mellon Corp owned 8.73% of FPA Global Equity ETF worth $19,736,000 at the end of the most recent quarter.

FPA Global Equity ETF Stock Down 0.9%

FPAG stock opened at $42.72 on Friday. FPA Global Equity ETF has a 52 week low of $34.75 and a 52 week high of $43.58. The company has a fifty day simple moving average of $41.79 and a two-hundred day simple moving average of $40.14. The firm has a market capitalization of $676.26 million, a P/E ratio of 21.22 and a beta of 0.98.

FPA Global Equity ETF Cuts Dividend

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

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.