Cambria Global Value ETF (BATS:GVAL) Shares Shorted: Short Interest Up 89.6% in September

Cambria Global Value ETF (BATS:GVAL) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 327,127 shares, an increase of 89.6% from the September 15th total of 172,557 shares. Based on an average trading volume of 93,338 shares, the days-to-cover ratio is presently 3.5 days. Currently, 3.8% of the shares of the company are sold short.

Institutional Trading of Cambria Global Value ETF

Several hedge funds have recently made changes to their positions in GVAL. Ascentis Independent Advisors purchased a new position in Cambria Global Value ETF during the 1st quarter valued at about $66,000. Western Wealth Management LLC bought a new position in Cambria Global Value ETF in the first quarter valued at $113,000. Longview Financial Advisors Inc. purchased a new position in shares of Cambria Global Value ETF during the 1st quarter valued at about $132,000. Astoria Portfolio Advisors LLC. bought a new stake in shares of Cambria Global Value ETF in the 4th quarter worth approximately $195,000. Finally, Legacy Wealth Managment LLC ID purchased a new stake in Cambria Global Value ETF during the second quarter valued at about $225,000.

Cambria Global Value ETF Trading Down 0.8%

GVAL stock opened at $38.09 on Friday. The firm has a 50-day moving average price of $38.65 and a 200-day moving average price of $36.86. Cambria Global Value ETF has a 12 month low of $28.71 and a 12 month high of $39.87. The stock has a market capitalization of $327.57 million, a P/E ratio of 10.49 and a beta of 0.76.

Cambria Global Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were issued a dividend of $0.2562 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.02 dividend on an annualized basis and a yield of 2.7%. This is a negative change from Cambria Global Value ETF’s previous quarterly dividend of $0.3357.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.