First Eagle Global Equity ETF (NYSE:FEGE – Get Free Report) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 197,641 shares, a decrease of 45.2% from the September 30th total of 360,875 shares. Based on an average trading volume of 321,297 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s stock are sold short.
Institutional Investors Weigh In On First Eagle Global Equity ETF
Several institutional investors have recently added to or reduced their stakes in the business. Equitable Trust Co. lifted its stake in shares of First Eagle Global Equity ETF by 363.2% during the first quarter. Equitable Trust Co. now owns 266,489 shares of the company’s stock worth $12,525,000 after buying an additional 208,961 shares during the period. Wedbush Securities Inc. acquired a new position in First Eagle Global Equity ETF in the third quarter valued at approximately $6,451,000. MN Wealth Advisors LLC lifted its stake in shares of First Eagle Global Equity ETF by 5.7% in the 3rd quarter. MN Wealth Advisors LLC now owns 312,619 shares of the company’s stock valued at $15,690,000 after purchasing an additional 16,899 shares during the period. Kestra Private Wealth Services LLC acquired a new position in shares of First Eagle Global Equity ETF in the third quarter worth about $412,000. Finally, Mascagni Wealth Management Inc. purchased a new position in First Eagle Global Equity ETF during the first quarter worth approximately $245,000.
First Eagle Global Equity ETF Stock Down 0.3%
FEGE stock traded down $0.15 during trading on Friday, hitting $51.70. 1,105,630 shares of the company’s stock traded hands, compared to its average volume of 362,260. The firm has a market capitalization of $2.69 billion, a P/E ratio of 18.15 and a beta of 0.54. The business has a fifty day simple moving average of $51.83 and a two-hundred day simple moving average of $50.07. First Eagle Global Equity ETF has a 1 year low of $43.55 and a 1 year high of $53.53.
About First Eagle Global Equity ETF
The First Eagle Global Equity ETF (FEGE) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed, investing primarily in US and non-US equities. The fund aims for capital growth, utilizing a value approach to identify undervalued companies while prioritizing a margin of safety FEGE was launched on Dec 19, 2024 and is issued by First Eagle.
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