Cambria Global Asset Allocation ETF (BATS:GAA) Sees Large Increase in Short Interest

Cambria Global Asset Allocation ETF (BATS:GAA) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 21,026 shares, a growth of 88.1% from the June 15th total of 11,176 shares. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 11,699 shares, the days-to-cover ratio is currently 1.8 days.

Cambria Global Asset Allocation ETF Trading Down 0.2%

Shares of GAA opened at $34.89 on Friday. The stock has a market cap of $64.55 million, a PE ratio of 10.59 and a beta of 0.50. Cambria Global Asset Allocation ETF has a 1 year low of $29.99 and a 1 year high of $35.88. The stock has a 50 day simple moving average of $34.89 and a 200-day simple moving average of $34.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Cambria Global Asset Allocation ETF in the 2nd quarter valued at $55,000. Snowden Capital Advisors LLC bought a new position in Cambria Global Asset Allocation ETF during the 2nd quarter valued at about $201,000. Osaic Holdings Inc. lifted its holdings in Cambria Global Asset Allocation ETF by 31.0% during the 2nd quarter. Osaic Holdings Inc. now owns 2,034 shares of the company’s stock valued at $62,000 after purchasing an additional 481 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Cambria Global Asset Allocation ETF in the third quarter valued at about $219,000. Finally, Advisory Services Network LLC acquired a new position in Cambria Global Asset Allocation ETF in the third quarter valued at about $60,000.

Cambria Global Asset Allocation ETF Company Profile

The Cambria Global Asset Allocation ETF (GAA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that provides exposure to equity, fixed-income, real estate, commodities, and currencies. The fund aims for returns and reduced volatility. GAA was launched on Dec 9, 2014 and is managed by Cambria.