Cambria Shareholder Yield ETF (BATS:SYLD) Shares Shorted: Short Interest Up 70.6% in October

Cambria Shareholder Yield ETF (BATS:SYLD) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 70,892 shares, an increase of 70.6% from the September 30th total of 41,545 shares. Based on an average daily volume of 30,785 shares, the short-interest ratio is presently 2.3 days. Approximately 0.5% of the shares of the company are short sold.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SYLD. Kestra Advisory Services LLC raised its stake in shares of Cambria Shareholder Yield ETF by 10.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 8,571 shares of the company’s stock valued at $691,000 after buying an additional 844 shares in the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Cambria Shareholder Yield ETF in the 3rd quarter worth about $15,476,000. MGO One Seven LLC grew its holdings in shares of Cambria Shareholder Yield ETF by 2.6% in the 3rd quarter. MGO One Seven LLC now owns 25,962 shares of the company’s stock worth $2,092,000 after purchasing an additional 660 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of Cambria Shareholder Yield ETF by 0.6% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 32,705 shares of the company’s stock worth $2,636,000 after purchasing an additional 204 shares in the last quarter. Finally, Sigma Planning Corp increased its position in shares of Cambria Shareholder Yield ETF by 3.6% during the 3rd quarter. Sigma Planning Corp now owns 26,186 shares of the company’s stock worth $2,110,000 after purchasing an additional 913 shares in the last quarter.

Cambria Shareholder Yield ETF Stock Up 1.1%

BATS:SYLD opened at $87.14 on Tuesday. The company’s 50 day moving average is $84.18 and its 200-day moving average is $79.87. Cambria Shareholder Yield ETF has a 12 month low of $65.26 and a 12 month high of $87.44. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 11.01 and a beta of 1.04.

Cambria Shareholder Yield ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were given a dividend of $0.5046 per share. The ex-dividend date of this dividend was Friday, September 18th. This represents a $2.02 annualized dividend and a dividend yield of 2.3%. This is a boost from Cambria Shareholder Yield ETF’s previous quarterly dividend of $0.3403.

About Cambria Shareholder Yield ETF

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.