Cambria Global Value ETF (BATS:GVAL) Sees Large Growth in Short Interest

Cambria Global Value ETF (BATS:GVAL) was the target of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 307,585 shares, an increase of 553.0% from the June 15th total of 47,104 shares. Based on an average trading volume of 209,764 shares, the days-to-cover ratio is currently 1.5 days. Approximately 3.6% of the company’s stock are sold short.

Cambria Global Value ETF Price Performance

Shares of BATS GVAL traded up $0.46 during midday trading on Friday, hitting $36.94. 203,800 shares of the company’s stock were exchanged, compared to its average volume of 264,037. The firm’s fifty day simple moving average is $35.88 and its 200-day simple moving average is $34.63. The company has a market cap of $317.68 million, a PE ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a twelve month low of $27.17 and a twelve month high of $37.94.

Institutional Trading of Cambria Global Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GVAL. ALM First Financial Advisors LLC lifted its position in shares of Cambria Global Value ETF by 53.2% during the 2nd quarter. ALM First Financial Advisors LLC now owns 1,564,110 shares of the company’s stock worth $56,339,000 after buying an additional 543,319 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Cambria Global Value ETF in the 1st quarter valued at $1,650,000. Empowered Funds LLC grew its position in shares of Cambria Global Value ETF by 1.7% in the 1st quarter. Empowered Funds LLC now owns 210,333 shares of the company’s stock valued at $6,977,000 after buying an additional 3,598 shares during the last quarter. NewEdge Advisors LLC purchased a new position in shares of Cambria Global Value ETF in the 1st quarter valued at $525,000. Finally, Royal Bank of Canada raised its stake in Cambria Global Value ETF by 570.4% during the 1st quarter. Royal Bank of Canada now owns 11,417 shares of the company’s stock worth $378,000 after acquiring an additional 9,714 shares in the last quarter.

About Cambria Global Value ETF

The Cambria Global Value ETF (GVAL) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to select the top 25% of countries from a list of 45 developed and emerging economies, then selects approximately 100 securities from those countries. GVAL was launched on Mar 12, 2014 and is managed by Cambria.