First Eagle Overseas Equity ETF (NYSE:FEOE) Sees Large Decline in Short Interest

First Eagle Overseas Equity ETF (NYSE:FEOE) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 50,868 shares, a decline of 86.2% from the September 15th total of 367,902 shares. Based on an average trading volume of 214,810 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

First Eagle Overseas Equity ETF Price Performance

First Eagle Overseas Equity ETF stock traded up $0.36 during midday trading on Friday, reaching $54.41. 181,388 shares of the company traded hands, compared to its average volume of 270,128. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 16.06 and a beta of 0.37. The business has a 50 day moving average of $55.36 and a two-hundred day moving average of $53.95. First Eagle Overseas Equity ETF has a 12 month low of $45.50 and a 12 month high of $57.70.

Institutional Investors Weigh In On First Eagle Overseas Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in First Eagle Overseas Equity ETF by 32.1% in the first quarter. Janney Montgomery Scott LLC now owns 464,452 shares of the company’s stock valued at $23,436,000 after acquiring an additional 112,817 shares during the period. Continuum Advisory LLC grew its stake in shares of First Eagle Overseas Equity ETF by 10.9% during the 2nd quarter. Continuum Advisory LLC now owns 238,288 shares of the company’s stock valued at $12,725,000 after purchasing an additional 23,471 shares during the period. Farther Finance Advisors LLC increased its position in shares of First Eagle Overseas Equity ETF by 20.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 79,554 shares of the company’s stock valued at $4,278,000 after purchasing an additional 13,488 shares during the last quarter. Equitable Trust Co. purchased a new stake in shares of First Eagle Overseas Equity ETF during the 1st quarter valued at about $3,377,000. Finally, Valeo Financial Advisors LLC increased its position in shares of First Eagle Overseas Equity ETF by 14.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 49,533 shares of the company’s stock valued at $2,663,000 after purchasing an additional 6,236 shares during the last quarter.

About First Eagle Overseas Equity ETF

The First Eagle Overseas Equity ETF (FEOE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, primarily investing in equities of non-US companies. Utilizing a value investment approach, it seeks firms with a margin of safety, prioritizing those trading below intrinsic value to mitigate risks FEOE was launched on Dec 19, 2024 and is issued by First Eagle.