Cambria Shareholder Yield ETF (BATS:SYLD) Sees Large Decline in Short Interest

Cambria Shareholder Yield ETF (BATS:SYLD) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 32,969 shares, a decrease of 42.0% from the July 30th total of 56,821 shares. Based on an average trading volume of 46,431 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are short sold.

Cambria Shareholder Yield ETF Stock Performance

SYLD opened at $86.35 on Monday. The stock has a market capitalization of $1.24 billion, a PE ratio of 11.01 and a beta of 1.04. Cambria Shareholder Yield ETF has a 1-year low of $65.26 and a 1-year high of $87.11. The firm has a 50-day moving average price of $83.03 and a two-hundred day moving average price of $79.21.

Institutional Trading of Cambria Shareholder Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Empowered Funds LLC bought a new stake in Cambria Shareholder Yield ETF during the 1st quarter worth about $6,858,000. Wealth Care LLC bought a new position in shares of Cambria Shareholder Yield ETF in the 1st quarter valued at about $1,475,000. Cetera Investment Advisers boosted its stake in shares of Cambria Shareholder Yield ETF by 5.0% in the 1st quarter. Cetera Investment Advisers now owns 250,789 shares of the company’s stock valued at $18,912,000 after purchasing an additional 11,989 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Cambria Shareholder Yield ETF by 102.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 24,272 shares of the company’s stock worth $1,687,000 after buying an additional 12,272 shares during the period. Finally, Ritholtz Wealth Management acquired a new stake in shares of Cambria Shareholder Yield ETF during the 1st quarter worth approximately $3,255,000.

Cambria Shareholder Yield ETF Company Profile

The Cambria Shareholder Yield ETF (SYLD) is an exchange-traded fund that mostly invests in total market equity. The fund offers active exposure to US stocks with attractive cash flow characterized by dividends, shares buybacks and net debt paydown. SYLD was launched on May 14, 2013 and is managed by Cambria.