Cambria Global Momentum ETF (BATS:GMOM) Stock Short Interest Declines 43.8%

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cambria Global Momentum ETF stock. Bravias Capital Group LLC lifted its position in shares of Cambria Global Momentum ETF (BATS:GMOM) by 10.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,509 shares of the company’s stock after buying an additional 27,798 shares during the quarter. Cambria Global Momentum ETF makes up 6.7% of Bravias Capital Group LLC’s investment portfolio, making the stock its 3rd largest position. Bravias Capital Group LLC owned about 7.74% of Cambria Global Momentum ETF worth $10,249,000 at the end of the most recent quarter.

Cambria Global Momentum ETF Stock Down 0.8%

GMOM opened at $38.47 on Thursday. The firm has a market cap of $142.34 million, a P/E ratio of 15.73 and a beta of 0.45. The business’s fifty day simple moving average is $38.25 and its 200 day simple moving average is $37.18. Cambria Global Momentum ETF has a 52 week low of $31.59 and a 52 week high of $39.05.

Cambria Global Momentum ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Tuesday, September 22nd were paid a $0.0987 dividend. This represents a $0.39 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Tuesday, September 22nd. This is a negative change 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.