Cambria Global Real Estate ETF (BATS:BLDG) Sees Large Growth in Short Interest

Cambria Global Real Estate ETF (BATS:BLDG) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 448,781 shares, an increase of 8,440.1% from the May 31st total of 5,255 shares. Currently, 28.0% of the company’s stock are short sold. Based on an average daily volume of 98,319 shares, the days-to-cover ratio is presently 4.6 days.

Cambria Global Real Estate ETF Price Performance

Shares of BLDG traded up $0.07 during midday trading on Thursday, hitting $26.75. The stock had a trading volume of 2,107 shares, compared to its average volume of 22,256. The firm has a market cap of $42.80 million, a price-to-earnings ratio of 14.37 and a beta of 0.83. The company has a 50 day simple moving average of $26.08 and a two-hundred day simple moving average of $25.50. Cambria Global Real Estate ETF has a twelve month low of $23.44 and a twelve month high of $27.32.

Hedge Funds Weigh In On Cambria Global Real Estate ETF

A number of institutional investors have recently added to or reduced their stakes in BLDG. Eagle Bay Advisors LLC acquired a new position in shares of Cambria Global Real Estate ETF during the 4th quarter worth about $25,000. Wells Fargo & Company MN lifted its stake in Cambria Global Real Estate ETF by 220.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,549 shares of the company’s stock valued at $38,000 after purchasing an additional 1,065 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in Cambria Global Real Estate ETF in the 3rd quarter valued at about $177,000. Jane Street Group LLC bought a new position in Cambria Global Real Estate ETF during the first quarter worth about $392,000. Finally, Osaic Holdings Inc. grew its holdings in Cambria Global Real Estate ETF by 318.5% during the second quarter. Osaic Holdings Inc. now owns 21,615 shares of the company’s stock worth $540,000 after purchasing an additional 16,450 shares during the period.

Cambria Global Real Estate ETF Company Profile

The Cambria Global Real Estate ETF (BLDG) is an exchange-traded fund that mostly invests in real estate equity. The fund is actively-managed to provide exposure to the real estate sector and its related industries. Stocks are selected using Cambrias multi-factor algorithm. BLDG was launched on Sep 24, 2020 and is managed by Cambria.