Cambria Chesapeake Pure Trend ETF (BATS:MFUT) Sees Large Decrease in Short Interest

Cambria Chesapeake Pure Trend ETF (BATS:MFUT) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 33,583 shares, a decline of 50.4% from the September 30th total of 67,651 shares. Currently, 2.7% of the shares of the stock are sold short. Based on an average trading volume of 9,867 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Cambria Chesapeake Pure Trend ETF stock. ALM First Financial Advisors LLC bought a new stake in Cambria Chesapeake Pure Trend ETF (BATS:MFUT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 810,201 shares of the company’s stock, valued at approximately $15,953,000. Cambria Chesapeake Pure Trend ETF comprises approximately 2.5% of ALM First Financial Advisors LLC’s portfolio, making the stock its 7th biggest position. ALM First Financial Advisors LLC owned approximately 65.87% of Cambria Chesapeake Pure Trend ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Cambria Chesapeake Pure Trend ETF Stock Down 0.7%

Shares of MFUT stock opened at $19.31 on Friday. Cambria Chesapeake Pure Trend ETF has a 1 year low of $15.26 and a 1 year high of $22.00. The firm’s fifty day simple moving average is $19.82 and its 200 day simple moving average is $18.90.

About Cambria Chesapeake Pure Trend ETF

The Cambria Chesapeake Pure Trend ETF (MFUT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that seeks capital preservation and appreciation through a trend-following strategy that targets opportunities across currencies, commodities, fixed income, and equities. MFUT was launched on May 29, 2024 and is issued by Cambria.