Cambria Global Value ETF (BATS:GVAL) Sees Significant Increase in Short Interest

Cambria Global Value ETF (BATS:GVAL) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 43,500 shares, an increase of 500.4% from the April 30th total of 7,245 shares. Based on an average trading volume of 353,169 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On Cambria Global Value ETF

Several hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. bought a new position in Cambria Global Value ETF in the third quarter worth $1,075,000. Cambria Investment Management L.P. increased its holdings in Cambria Global Value ETF by 68.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 1,191,793 shares of the company’s stock valued at $34,836,000 after buying an additional 485,102 shares during the period. Secure Asset Management LLC acquired a new position in shares of Cambria Global Value ETF in the 4th quarter valued at $1,167,000. Jones Financial Companies Lllp raised its stake in shares of Cambria Global Value ETF by 1,856.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 19,449 shares of the company’s stock valued at $568,000 after buying an additional 18,455 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Cambria Global Value ETF by 49.4% during the 4th quarter. Farther Finance Advisors LLC now owns 45,765 shares of the company’s stock worth $1,440,000 after acquiring an additional 15,140 shares during the period.

Cambria Global Value ETF Price Performance

Shares of GVAL stock opened at $35.62 on Thursday. The firm has a fifty day moving average of $34.58 and a two-hundred day moving average of $33.47. The firm has a market cap of $306.33 million, a P/E ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 1-year low of $25.89 and a 1-year high of $36.44.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.