Cambria Global Momentum ETF (BATS:GMOM) Shares Shorted: Short Interest Down 43.8% in September

Cambria Global Momentum ETF (BATS:GMOM) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 8,300 shares, a drop of 43.8% from the September 15th total of 14,759 shares. Based on an average daily volume of 20,901 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Cambria Global Momentum ETF Stock Up 0.1%

Shares of BATS:GMOM traded up $0.02 during trading on Friday, reaching $38.43. The stock had a trading volume of 1,707 shares, compared to its average volume of 19,232. The stock has a fifty day simple moving average of $38.31 and a two-hundred day simple moving average of $37.21. Cambria Global Momentum ETF has a 52 week low of $31.59 and a 52 week high of $39.05. The firm has a market capitalization of $142.19 million, a price-to-earnings ratio of 15.73 and a beta of 0.45.

Cambria Global Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Tuesday, September 22nd were paid a $0.0987 dividend. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 22nd. This is a drop from Cambria Global Momentum ETF’s previous quarterly dividend of $0.1539.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Cambria Global Momentum ETF stock. Bravias Capital Group LLC increased its position in shares of Cambria Global Momentum ETF (BATS:GMOM) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 286,509 shares of the company’s stock after purchasing an additional 27,798 shares during the period. Cambria Global Momentum ETF comprises about 6.7% of Bravias Capital Group LLC’s investment portfolio, making the stock its 3rd largest position. Bravias Capital Group LLC owned about 7.74% of Cambria Global Momentum ETF worth $10,249,000 at the end of the most recent reporting period.

Cambria Global Momentum ETF Company Profile

The Cambria Global Momentum ETF (GMOM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income. GMOM was launched on Nov 4, 2014 and is managed by Cambria.