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

FPA Global Equity ETF (BATS:FPAG) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 89,887 shares, a decrease of 42.8% from the April 15th total of 157,080 shares. Currently, 1.4% of the shares of the company are short sold. Based on an average daily volume of 112,495 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FPA Global Equity ETF stock. Bank of New York Mellon Corp increased its holdings in shares of FPA Global Equity ETF (BATS:FPAG) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 543,992 shares of the company’s stock after purchasing an additional 10,922 shares during the quarter. Bank of New York Mellon Corp owned 8.73% of FPA Global Equity ETF worth $19,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

FPA Global Equity ETF Price Performance

Shares of BATS:FPAG opened at $38.93 on Tuesday. The company has a market cap of $242.53 million, a P/E ratio of 20.38 and a beta of 1.02. FPA Global Equity ETF has a 1 year low of $31.39 and a 1 year high of $40.35. The stock’s fifty day moving average price is $37.69 and its 200-day moving average price is $37.74.

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.