Cambria Global Asset Allocation ETF (BATS:GAA) Sees Significant Decrease in Short Interest

Cambria Global Asset Allocation ETF (BATS:GAA) was the target of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 2,493 shares, a decline of 80.3% from the October 15th total of 12,643 shares. Based on an average daily volume of 7,979 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Cambria Global Asset Allocation ETF Trading Up 0.5%

Shares of GAA stock opened at $34.64 on Thursday. The business’s fifty day simple moving average is $35.26 and its 200-day simple moving average is $34.88. The company has a market cap of $78.98 million, a PE ratio of 10.59 and a beta of 0.48. Cambria Global Asset Allocation ETF has a 12-month low of $31.53 and a 12-month high of $36.53.

Cambria Global Asset Allocation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Tuesday, September 22nd were paid a dividend of $0.2854 per share. This is a positive change from Cambria Global Asset Allocation ETF’s previous quarterly dividend of $0.1989. The ex-dividend date was Tuesday, September 22nd. This represents a $1.14 annualized dividend and a yield of 3.3%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Cambria Global Asset Allocation ETF stock. IFG Advisory LLC grew its holdings in Cambria Global Asset Allocation ETF (BATS:GAA) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,144 shares of the company’s stock after acquiring an additional 3,292 shares during the quarter. IFG Advisory LLC owned 1.23% of Cambria Global Asset Allocation ETF worth $981,000 at the end of the most recent reporting period.

About Cambria Global Asset Allocation ETF

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.