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

First Eagle Overseas Equity ETF (NYSE:FEOE) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 465,016 shares, a growth of 265.9% from the August 15th total of 127,074 shares. Based on an average daily volume of 470,933 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.6% of the company’s shares are sold short.

First Eagle Overseas Equity ETF Stock Up 1.2%

FEOE stock traded up $0.64 during trading on Friday, hitting $55.29. The company had a trading volume of 174,853 shares, compared to its average volume of 272,925. First Eagle Overseas Equity ETF has a 52-week low of $45.26 and a 52-week high of $57.70. The company has a 50 day simple moving average of $55.26 and a 200-day simple moving average of $53.65. The firm has a market capitalization of $1.60 billion, a P/E ratio of 16.06 and a beta of 0.33.

Institutional Investors Weigh In On First Eagle Overseas Equity ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Birchwood Financial Partners Inc. bought a new position in shares of First Eagle Overseas Equity ETF during the 1st quarter worth $40,000. IMA Advisory Services Inc. bought a new stake in shares of First Eagle Overseas Equity ETF in the fourth quarter valued at about $48,000. AdvisorNet Financial Inc purchased a new stake in First Eagle Overseas Equity ETF in the first quarter worth about $63,000. Hilton Head Capital Partners LLC purchased a new stake in First Eagle Overseas Equity ETF in the fourth quarter worth about $74,000. Finally, Sittner & Nelson LLC lifted its stake in First Eagle Overseas Equity ETF by 81.9% in the third quarter. Sittner & Nelson LLC now owns 3,637 shares of the company’s stock worth $168,000 after acquiring an additional 1,637 shares during the period.

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.