Cambria Global Value ETF (BATS:GVAL) Stock Short Interest Climbs 94.0%

Cambria Global Value ETF (BATS:GVAL) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 172,557 shares, an increase of 94.0% from the August 31st total of 88,931 shares. Based on an average daily trading volume, of 207,799 shares, the short-interest ratio is presently 0.8 days. Approximately 2.0% of the company’s stock are short sold.

Cambria Global Value ETF Stock Down 0.9%

BATS GVAL opened at $38.46 on Tuesday. The firm has a market cap of $330.76 million, a PE ratio of 10.49 and a beta of 0.76. The company has a 50 day moving average price of $38.34 and a 200 day moving average price of $36.32. Cambria Global Value ETF has a 52 week low of $28.50 and a 52 week high of $39.87.

Cambria Global Value ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were issued a $0.2562 dividend. This is a decrease from Cambria Global Value ETF’s previous quarterly dividend of $0.3357. This represents a $1.02 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Friday, September 18th.

Hedge Funds Weigh In On Cambria Global Value ETF

Large investors have recently made changes to their positions in the business. Ascentis Independent Advisors acquired a new stake in shares of Cambria Global Value ETF in the 1st quarter worth $66,000. Western Wealth Management LLC acquired a new position in Cambria Global Value ETF during the 1st quarter valued at about $113,000. Longview Financial Advisors Inc. acquired a new position in Cambria Global Value ETF during the 1st quarter valued at about $132,000. Astoria Portfolio Advisors LLC. purchased a new stake in Cambria Global Value ETF in the fourth quarter valued at about $195,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Cambria Global Value ETF in the second quarter valued at about $225,000.

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.