Cambria Global Momentum ETF (BATS:GMOM) Stock Short Interest Falls 80.9%

Cambria Global Momentum ETF (BATS:GMOM) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,409 shares, a drop of 80.9% from the October 15th total of 7,358 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 7,336 shares, the days-to-cover ratio is presently 0.2 days.

Cambria Global Momentum ETF Price Performance

BATS GMOM opened at $36.67 on Friday. The firm has a market capitalization of $78.11 million, a P/E ratio of 15.73 and a beta of 0.43. Cambria Global Momentum ETF has a 1-year low of $31.59 and a 1-year high of $39.05. The business’s 50-day simple moving average is $38.17 and its 200-day simple moving average is $37.13.

Cambria Global Momentum ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Tuesday, September 22nd were issued a $0.0987 dividend. The ex-dividend date was Tuesday, September 22nd. This is a negative change from Cambria Global Momentum ETF’s previous quarterly dividend of $0.1539. This represents a $0.39 annualized dividend and a yield of 1.1%.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cambria Global Momentum ETF stock. Commonwealth Equity Services LLC acquired a new position in Cambria Global Momentum ETF (BATS:GMOM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,608 shares of the company’s stock, valued at approximately $1,274,000. Commonwealth Equity Services LLC owned approximately 0.91% of Cambria Global Momentum ETF as of its most recent SEC filing.

About Cambria Global Momentum ETF

The Cambria Global Momentum ETF (GMOM) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively-managed fund that selects approximately 17 ETFs, across various asset classes, based on price momentum. The fund aims for capital appreciation rather than income. GMOM was launched on Nov 4, 2014 and is managed by Cambria.