Cambria Value and Momentum ETF (BATS:VAMO) Stock Short Interest Drops 60.4%

Cambria Value and Momentum ETF (BATS:VAMO) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 6,190 shares, a drop of 60.4% from the September 15th total of 15,617 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 5,867 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On Cambria Value and Momentum ETF

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC boosted its holdings in shares of Cambria Value and Momentum ETF by 1.7% in the 1st quarter. Empowered Funds LLC now owns 373,942 shares of the company’s stock worth $13,267,000 after buying an additional 6,398 shares during the last quarter. Bravias Capital Group LLC grew its position in Cambria Value and Momentum ETF by 16.1% during the first quarter. Bravias Capital Group LLC now owns 174,706 shares of the company’s stock valued at $6,199,000 after buying an additional 24,228 shares during the period. Finally, ALM First Financial Advisors LLC grew its position in Cambria Value and Momentum ETF by 65.1% during the second quarter. ALM First Financial Advisors LLC now owns 1,429,000 shares of the company’s stock valued at $51,344,000 after buying an additional 563,571 shares during the period.

Cambria Value and Momentum ETF Trading Down 0.5%

Shares of Cambria Value and Momentum ETF stock opened at $35.50 on Thursday. The business’s fifty day simple moving average is $36.26 and its 200 day simple moving average is $35.86. The firm has a market capitalization of $63.90 million, a P/E ratio of 13.51 and a beta of 0.33. Cambria Value and Momentum ETF has a 12 month low of $30.04 and a 12 month high of $37.54.

Cambria Value and Momentum ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were paid a $0.0768 dividend. This is a boost from Cambria Value and Momentum ETF’s previous quarterly dividend of $0.0458. The ex-dividend date was Friday, September 18th. This represents a $0.31 dividend on an annualized basis and a yield of 0.9%.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.