Short Interest in FPA Global Equity ETF (BATS:FPAG) Increases By 109.9%

FPA Global Equity ETF (BATS:FPAG) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 122,283 shares, a growth of 109.9% from the May 14th total of 58,258 shares. Approximately 2.0% of the shares of the stock are short sold. Based on an average trading volume of 72,598 shares, the days-to-cover ratio is presently 1.7 days.

FPA Global Equity ETF Price Performance

Shares of FPAG traded up $0.05 on Friday, hitting $40.06. The company’s stock had a trading volume of 42,169 shares, compared to its average volume of 99,650. The company has a market capitalization of $249.57 million, a PE ratio of 20.38 and a beta of 1.02. FPA Global Equity ETF has a fifty-two week low of $32.50 and a fifty-two week high of $40.47. The company has a 50 day moving average price of $38.96 and a 200 day moving average price of $38.22.

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 position in shares of FPA Global Equity ETF (BATS:FPAG) by 2.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 543,992 shares of the company’s stock after buying an additional 10,922 shares during the quarter. Bank of New York Mellon Corp owned approximately 8.73% of FPA Global Equity ETF worth $19,736,000 as of its most recent SEC filing.

FPA Global Equity ETF Company Profile

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.