Cambria Global Momentum ETF (BATS:GMOM) Stock Short Interest Declines 43.8%

Cambria Global Momentum ETF (BATS:GMOM) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 8,300 shares, a decline of 43.8% from the September 15th total of 14,759 shares. Based on an average daily trading volume, of 20,901 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On Cambria Global Momentum ETF

An institutional investor recently raised its position in Cambria Global Momentum ETF stock. Bravias Capital Group LLC raised its position in Cambria Global Momentum ETF (BATS:GMOM) by 10.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 286,509 shares of the company’s stock after purchasing an additional 27,798 shares during the quarter. Cambria Global Momentum ETF accounts for approximately 6.7% of Bravias Capital Group LLC’s portfolio, making the stock its 3rd largest holding. Bravias Capital Group LLC owned about 7.74% of Cambria Global Momentum ETF worth $10,249,000 at the end of the most recent quarter.

Cambria Global Momentum ETF Stock Down 0.8%

GMOM stock opened at $38.47 on Thursday. The company has a market cap of $142.34 million, a price-to-earnings ratio of 15.73 and a beta of 0.45. The business has a fifty day simple moving average of $38.25 and a 200-day simple moving average of $37.18. Cambria Global Momentum ETF has a 52 week low of $31.59 and a 52 week high of $39.05.

Cambria Global Momentum ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Tuesday, September 22nd were given a dividend of $0.0987 per share. This represents a $0.39 dividend on an annualized basis and a yield of 1.0%. This is a drop from Cambria Global Momentum ETF’s previous quarterly dividend of $0.1539. The ex-dividend date of this dividend was Tuesday, September 22nd.

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.