Cambria Global Value ETF (BATS:GVAL) Short Interest Up 553.0% in June

Cambria Global Value ETF (BATS:GVAL) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 307,585 shares, an increase of 553.0% from the June 15th total of 47,104 shares. Based on an average daily volume of 209,764 shares, the short-interest ratio is currently 1.5 days. Currently, 3.6% of the company’s shares are short sold.

Cambria Global Value ETF Trading Up 1.3%

Shares of BATS:GVAL opened at $36.94 on Friday. The business has a 50-day moving average price of $35.88 and a 200 day moving average price of $34.63. The company has a market capitalization of $317.68 million, a price-to-earnings ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 12-month low of $27.17 and a 12-month high of $37.94.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GVAL. ALM First Financial Advisors LLC increased its position in shares of Cambria Global Value ETF by 53.2% during the second quarter. ALM First Financial Advisors LLC now owns 1,564,110 shares of the company’s stock valued at $56,339,000 after acquiring an additional 543,319 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Cambria Global Value ETF during the 1st quarter worth approximately $1,650,000. Empowered Funds LLC boosted its position in shares of Cambria Global Value ETF by 1.7% during the 1st quarter. Empowered Funds LLC now owns 210,333 shares of the company’s stock worth $6,977,000 after purchasing an additional 3,598 shares during the period. NewEdge Advisors LLC acquired a new stake in Cambria Global Value ETF in the 1st quarter valued at approximately $525,000. Finally, Royal Bank of Canada increased its holdings in Cambria Global Value ETF by 570.4% in the 1st quarter. Royal Bank of Canada now owns 11,417 shares of the company’s stock valued at $378,000 after purchasing an additional 9,714 shares during the last quarter.

Cambria Global Value ETF Company Profile

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.