Cambria Shareholder Yield ETF (BATS:SYLD) Sees Significant Drop in Short Interest

Cambria Shareholder Yield ETF (BATS:SYLD) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 41,545 shares, a drop of 54.5% from the September 15th total of 91,323 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 37,611 shares, the days-to-cover ratio is presently 1.1 days.

Cambria Shareholder Yield ETF Stock Performance

SYLD opened at $82.39 on Thursday. The business’s 50-day simple moving average is $84.34 and its 200-day simple moving average is $81.06. Cambria Shareholder Yield ETF has a one year low of $65.26 and a one year high of $87.33. The stock has a market capitalization of $1.18 billion, a P/E ratio of 11.01 and a beta of 1.04.

Cambria Shareholder Yield ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were given a dividend of $0.5046 per share. This represents a $2.02 annualized dividend and a yield of 2.4%. This is a positive change from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403. The ex-dividend date of this dividend was Friday, September 18th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SYLD. DKM Wealth Management Inc. boosted its stake in Cambria Shareholder Yield ETF by 1.0% during the 3rd quarter. DKM Wealth Management Inc. now owns 72,964 shares of the company’s stock worth $5,880,000 after purchasing an additional 750 shares during the period. Envestnet Asset Management Inc. grew its position in Cambria Shareholder Yield ETF by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 41,324 shares of the company’s stock worth $3,268,000 after purchasing an additional 1,257 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Cambria Shareholder Yield ETF during the 2nd quarter worth $73,000. Baird Financial Group Inc. grew its position in Cambria Shareholder Yield ETF by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 6,636 shares of the company’s stock worth $525,000 after purchasing an additional 143 shares during the last quarter. Finally, Corient Private Wealth LP acquired a new position in Cambria Shareholder Yield ETF in the second quarter valued at $423,000.

About Cambria Shareholder Yield ETF

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.