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

Cambria Value and Momentum ETF (BATS:VAMO) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 16,423 shares, a decrease of 36.7% from the June 30th total of 25,963 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily volume of 1,654 shares, the days-to-cover ratio is currently 9.9 days.

Institutional Investors Weigh In On Cambria Value and Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in VAMO. ALM First Financial Advisors LLC raised its position in Cambria Value and Momentum ETF by 65.1% during the second quarter. ALM First Financial Advisors LLC now owns 1,429,000 shares of the company’s stock worth $51,344,000 after acquiring an additional 563,571 shares during the period. Empowered Funds LLC increased its stake in shares of Cambria Value and Momentum ETF by 1.7% during the first quarter. Empowered Funds LLC now owns 373,942 shares of the company’s stock worth $13,267,000 after purchasing an additional 6,398 shares in the last quarter. Bravias Capital Group LLC increased its stake in shares of Cambria Value and Momentum ETF by 16.1% during the first quarter. Bravias Capital Group LLC now owns 174,706 shares of the company’s stock worth $6,199,000 after purchasing an additional 24,228 shares in the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Cambria Value and Momentum ETF by 5.8% during the 4th quarter. CIBC Private Wealth Group LLC now owns 11,541 shares of the company’s stock worth $394,000 after purchasing an additional 637 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Cambria Value and Momentum ETF by 3.4% during the 4th quarter. LPL Financial LLC now owns 109,332 shares of the company’s stock worth $3,732,000 after purchasing an additional 3,559 shares during the last quarter.

Cambria Value and Momentum ETF Trading Up 0.5%

Shares of VAMO opened at $36.76 on Friday. The firm has a market cap of $66.17 million, a P/E ratio of 13.51 and a beta of 0.33. Cambria Value and Momentum ETF has a 12 month low of $30.04 and a 12 month high of $36.84. The stock’s 50 day moving average is $35.82 and its two-hundred day moving average is $35.49.

Cambria Value and Momentum ETF Company Profile

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.