Cambria Global Value ETF (BATS:GVAL) Shares Shorted: Short Interest Up 94.0% in September

Cambria Global Value ETF (BATS:GVAL) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 172,557 shares, a growth of 94.0% from the August 31st total of 88,931 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average daily volume of 207,799 shares, the short-interest ratio is currently 0.8 days.

Cambria Global Value ETF Stock Performance

Shares of GVAL opened at $38.38 on Wednesday. The firm has a market capitalization of $330.07 million, a P/E ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 52 week low of $28.50 and a 52 week high of $39.87. The stock has a 50 day moving average price of $38.36 and a two-hundred day moving average price of $36.35.

Cambria Global Value ETF Cuts Dividend

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

Institutional Investors Weigh In On Cambria Global Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ascentis Independent Advisors purchased a new position in Cambria Global Value ETF during the 1st quarter worth $66,000. Western Wealth Management LLC purchased a new stake in shares of Cambria Global Value ETF in the first quarter valued at about $113,000. Longview Financial Advisors Inc. bought a new position in shares of Cambria Global Value ETF during the first quarter valued at about $132,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Cambria Global Value ETF during the fourth quarter valued at about $195,000. Finally, Legacy Wealth Managment LLC ID purchased a new position in Cambria Global Value ETF during the second quarter worth about $225,000.

About Cambria Global Value ETF

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.