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

FPA Global Equity ETF (BATS:FPAG – Get Free Report) was the target of a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 29,561 shares, a drop of 72.1% from the October 15th total of 106,021 shares. Based on an average trading volume of 39,058 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

FPA Global Equity ETF Stock Performance

Shares of BATS FPAG traded up $0.16 during trading on Friday, hitting $42.88. 15,404 shares of the company were exchanged, compared to its average volume of 71,984. FPA Global Equity ETF has a 12-month low of $34.75 and a 12-month high of $43.58. The company has a fifty day moving average price of $41.79 and a 200-day moving average price of $40.16. The firm has a market capitalization of $678.79 million, a PE ratio of 21.22 and a beta of 0.98.

FPA Global Equity ETF Cuts Dividend

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

Institutional Investors Weigh In On FPA Global Equity ETF

An institutional investor recently raised its stake in FPA Global Equity ETF stock. Bank of New York Mellon Corp boosted its position in shares of FPA Global Equity ETF (BATS:FPAG – Free Report) by 2.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

About FPA Global Equity ETF

(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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