FPA Global Equity ETF (BATS:FPAG) Sees Large Increase in Short Interest

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

FPA Global Equity ETF Stock Performance

FPA Global Equity ETF stock opened at $40.06 on Friday. The firm’s fifty day moving average price is $38.96 and its 200-day moving average price is $38.22. The stock has a market cap of $249.57 million, a P/E 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.

Institutional Trading of FPA Global Equity ETF

An institutional investor recently raised its position in FPA Global Equity ETF stock. Tanglewood Wealth Management Inc. grew its stake in shares of FPA Global Equity ETF (BATS:FPAG) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,085,742 shares of the company’s stock after buying an additional 13,153 shares during the quarter. FPA Global Equity ETF accounts for 3.7% of Tanglewood Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest position. Tanglewood Wealth Management Inc. owned 17.43% of FPA Global Equity ETF worth $40,281,000 as of its most recent filing with the SEC.

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.