Cambria Value and Momentum ETF (BATS:VAMO) Shares Shorted: Short Interest Down 36.9% in October

Cambria Value and Momentum ETF (BATS:VAMO) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,906 shares, a drop of 36.9% from the September 30th total of 6,190 shares. Based on an average daily trading volume, of 3,311 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Cambria Value and Momentum ETF

Large investors have recently added to or reduced their stakes in the company. ALM First Financial Advisors LLC boosted its position in shares of Cambria Value and Momentum ETF by 65.1% in the second quarter. ALM First Financial Advisors LLC now owns 1,429,000 shares of the company’s stock worth $51,344,000 after purchasing an additional 563,571 shares during the period. Bravias Capital Group LLC raised its position in shares of Cambria Value and Momentum ETF by 16.1% during the 1st quarter. Bravias Capital Group LLC now owns 174,706 shares of the company’s stock valued at $6,199,000 after purchasing an additional 24,228 shares during the period. Finally, Empowered Funds LLC raised its position in shares of Cambria Value and Momentum ETF by 1.7% during the 1st quarter. Empowered Funds LLC now owns 373,942 shares of the company’s stock valued at $13,267,000 after purchasing an additional 6,398 shares during the period.

Cambria Value and Momentum ETF Stock Down 0.4%

VAMO stock opened at $35.97 on Wednesday. The business’s 50-day moving average price is $36.02 and its 200-day moving average price is $35.74. The stock has a market cap of $64.75 million, a P/E ratio of 13.51 and a beta of 0.33. Cambria Value and Momentum ETF has a twelve month low of $32.01 and a twelve month high of $37.54.

Cambria Value and Momentum ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were issued a $0.0768 dividend. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.31 annualized dividend and a yield of 0.9%. This is a positive change from Cambria Value and Momentum ETF’s previous quarterly dividend of $0.0458.

Cambria Value and Momentum ETF Company Profile

The Cambria Value and Momentum ETF (VAMO) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed portfolio of large-, mid and small-cap US stocks selected by long-term value factors and midterm momentum factors. The managers have discretion to hedge up to 100% of the portfolio. VAMO was launched on Sep 9, 2015 and is managed by Cambria.