Cambria Global Momentum ETF (BATS:GMOM) Sees Large Decrease in Short Interest

Cambria Global Momentum ETF (BATS:GMOM) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 8,300 shares, a decrease of 43.8% from the September 15th total of 14,759 shares. Based on an average daily volume of 20,901 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of Cambria Global Momentum ETF

An institutional investor recently raised its stake in Cambria Global Momentum ETF stock. Bravias Capital Group LLC grew its position in Cambria Global Momentum ETF (BATS:GMOM) by 10.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 286,509 shares of the company’s stock after acquiring an additional 27,798 shares during the period. Cambria Global Momentum ETF comprises 6.7% of Bravias Capital Group LLC’s portfolio, making the stock its 3rd largest holding. Bravias Capital Group LLC owned 7.74% of Cambria Global Momentum ETF worth $10,249,000 at the end of the most recent quarter.

Cambria Global Momentum ETF Price Performance

Cambria Global Momentum ETF stock opened at $38.41 on Friday. The business has a 50 day simple moving average of $38.28 and a 200-day simple moving average of $37.20. Cambria Global Momentum ETF has a 12 month low of $31.59 and a 12 month high of $39.05. The stock has a market capitalization of $142.12 million, a PE ratio of 15.73 and a beta of 0.45.

Cambria Global Momentum ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.0987 per share. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Tuesday, September 22nd. This is a decrease from Cambria Global Momentum ETF’s previous quarterly dividend of $0.1539.

About Cambria Global Momentum ETF

The Cambria Global Momentum ETF (GMOM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income. GMOM was launched on Nov 4, 2014 and is managed by Cambria.