Cambria Value and Momentum ETF (BATS:VAMO) Stock Short Interest Falls 36.9%

Cambria Value and Momentum ETF (BATS:VAMO) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 3,906 shares, a decline of 36.9% from the September 30th total of 6,190 shares. Based on an average daily volume of 3,311 shares, the short-interest ratio is presently 1.2 days. Currently, 0.2% of the company’s stock are sold short.

Cambria Value and Momentum ETF Price Performance

Cambria Value and Momentum ETF stock opened at $36.10 on Tuesday. Cambria Value and Momentum ETF has a 1-year low of $32.01 and a 1-year high of $37.54. The business has a fifty day moving average price of $36.03 and a 200-day moving average price of $35.74. The stock has a market capitalization of $64.98 million, a price-to-earnings ratio of 13.51 and a beta of 0.33.

Cambria Value and Momentum ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were paid a $0.0768 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.31 annualized dividend and a dividend yield of 0.9%. This is a boost from Cambria Value and Momentum ETF’s previous quarterly dividend of $0.0458.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its holdings in shares of Cambria Value and Momentum ETF by 1.7% in the first quarter. Empowered Funds LLC now owns 373,942 shares of the company’s stock valued at $13,267,000 after purchasing an additional 6,398 shares during the period. Bravias Capital Group LLC increased its position in 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 during the last quarter. Finally, ALM First Financial Advisors LLC raised its stake 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 purchasing an additional 563,571 shares during the period.

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.