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

Cambria Global Value ETF (BATS:GVAL) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 327,127 shares, an increase of 89.6% from the September 15th total of 172,557 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 93,338 shares, the short-interest ratio is presently 3.5 days.

Institutional Investors Weigh In On Cambria Global Value ETF

Hedge funds have recently added to or reduced their stakes in the business. ALM First Financial Advisors LLC grew its position in Cambria Global Value ETF by 53.2% during the 2nd quarter. ALM First Financial Advisors LLC now owns 1,564,110 shares of the company’s stock worth $56,339,000 after purchasing an additional 543,319 shares during the period. Rockport Wealth LLC raised its stake in shares of Cambria Global Value ETF by 36.0% during the 1st quarter. Rockport Wealth LLC now owns 260,085 shares of the company’s stock valued at $8,627,000 after buying an additional 68,878 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Cambria Global Value ETF by 92.5% in the 1st quarter. D.A. Davidson & CO. now owns 234,069 shares of the company’s stock valued at $7,764,000 after buying an additional 112,473 shares during the period. Empowered Funds LLC lifted its holdings in shares of Cambria Global Value ETF by 1.7% in the 1st quarter. Empowered Funds LLC now owns 210,333 shares of the company’s stock valued at $6,977,000 after buying an additional 3,598 shares during the period. Finally, Del Sette Capital Management LLC lifted its holdings in shares of Cambria Global Value ETF by 5.0% in the 1st quarter. Del Sette Capital Management LLC now owns 166,856 shares of the company’s stock valued at $5,535,000 after buying an additional 7,983 shares during the period.

Cambria Global Value ETF Price Performance

BATS:GVAL opened at $38.40 on Friday. The firm has a market capitalization of $330.24 million, a P/E ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 1-year low of $28.71 and a 1-year high of $39.87. The company’s fifty day moving average price is $38.65 and its 200-day moving average price is $36.85.

Cambria Global Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were given a dividend of $0.2562 per share. This is a drop from Cambria Global Value ETF’s previous quarterly dividend of $0.3357. This represents a $1.02 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, September 18th.

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.