Cambria Global Real Estate ETF (BATS:BLDG) Short Interest Up 115.5% in August

Cambria Global Real Estate ETF (BATS:BLDG) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 20,616 shares, a growth of 115.5% from the August 15th total of 9,566 shares. Based on an average daily trading volume, of 3,607 shares, the days-to-cover ratio is presently 5.7 days. Approximately 1.3% of the company’s stock are short sold.

Cambria Global Real Estate ETF Trading Down 0.3%

BLDG opened at $26.43 on Tuesday. The business’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $26.26. The company has a market capitalization of $42.29 million, a price-to-earnings ratio of 14.37 and a beta of 0.83. Cambria Global Real Estate ETF has a 12-month low of $23.44 and a 12-month high of $29.32.

Cambria Global Real Estate ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Shareholders of record on Thursday, June 18th were given a dividend of $0.0838 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.34 dividend on an annualized basis and a yield of 1.3%.

Institutional Investors Weigh In On Cambria Global Real Estate ETF

Several hedge funds have recently modified their holdings of BLDG. Citadel Advisors LLC purchased a new position in Cambria Global Real Estate ETF during the second quarter valued at approximately $467,000. Empowered Funds LLC raised its stake in Cambria Global Real Estate ETF by 1.7% in the first quarter. Empowered Funds LLC now owns 268,692 shares of the company’s stock worth $6,442,000 after buying an additional 4,592 shares in the last quarter. Finally, ALM First Financial Advisors LLC lifted its holdings in Cambria Global Real Estate ETF by 67.1% during the second quarter. ALM First Financial Advisors LLC now owns 999,500 shares of the company’s stock worth $26,986,000 after buying an additional 401,373 shares during the period.

About Cambria Global Real Estate ETF

The Cambria Global Real Estate ETF (BLDG) is an exchange-traded fund that mostly invests in real estate equity. The fund is actively-managed to provide exposure to the real estate sector and its related industries. Stocks are selected using Cambrias multi-factor algorithm. BLDG was launched on Sep 24, 2020 and is managed by Cambria.