Cambria Value and Momentum ETF (BATS:VAMO) Sees Large Drop in Short Interest

Cambria Value and Momentum ETF (BATS:VAMO) was the recipient of a significant decline in short interest in September. As of September 30th, there was short interest totaling 6,190 shares, a decline of 60.4% from the September 15th total of 15,617 shares. Based on an average daily volume of 5,867 shares, the short-interest ratio is presently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.

Institutional Trading of Cambria Value and Momentum ETF

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

Cambria Value and Momentum ETF Price Performance

VAMO opened at $35.69 on Wednesday. The company has a market capitalization of $64.24 million, a price-to-earnings ratio of 13.51 and a beta of 0.33. Cambria Value and Momentum ETF has a 1-year low of $30.04 and a 1-year high of $37.54. The business has a 50 day moving average price of $36.28 and a two-hundred day moving average price of $35.86.

Cambria Value and Momentum ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 18th were given a dividend of $0.0768 per share. 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 annualized dividend and a dividend yield of 0.9%.

About Cambria Value and Momentum ETF

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.