Short Interest in Cambria Shareholder Yield ETF (BATS:SYLD) Grows By 121.0%

Cambria Shareholder Yield ETF (BATS:SYLD) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 72,859 shares, a growth of 121.0% from the August 15th total of 32,969 shares. Based on an average daily volume of 42,444 shares, the days-to-cover ratio is currently 1.7 days. Approximately 0.5% of the shares of the stock are sold short.

Cambria Shareholder Yield ETF Stock Performance

Shares of BATS:SYLD opened at $85.48 on Wednesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04. The firm has a fifty day moving average price of $84.59 and a 200 day moving average price of $79.96. Cambria Shareholder Yield ETF has a fifty-two week low of $65.26 and a fifty-two week high of $87.33.

Institutional Investors Weigh In On Cambria Shareholder Yield ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tucker Asset Management LLC purchased a new position in Cambria Shareholder Yield ETF in the fourth quarter valued at approximately $63,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Cambria Shareholder Yield ETF during the 2nd quarter worth approximately $73,000. Allworth Financial LP lifted its position in shares of Cambria Shareholder Yield ETF by 30.8% during the 4th quarter. Allworth Financial LP now owns 1,277 shares of the company’s stock worth $89,000 after buying an additional 301 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Cambria Shareholder Yield ETF by 14.1% in the 4th quarter. Harbour Investments Inc. now owns 1,845 shares of the company’s stock valued at $128,000 after buying an additional 228 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new position in shares of Cambria Shareholder Yield ETF in the 1st quarter valued at $143,000.

Cambria Shareholder Yield ETF Company Profile

The Cambria Shareholder Yield ETF (SYLD) is an exchange-traded fund that mostly invests in total market equity. The fund offers active exposure to US stocks with attractive cash flow characterized by dividends, shares buybacks and net debt paydown. SYLD was launched on May 14, 2013 and is managed by Cambria.