Cambria Chesapeake Pure Trend ETF (BATS:MFUT) Shares Shorted: Short Interest Down 50.4% in October

Cambria Chesapeake Pure Trend ETF (BATS:MFUT) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 33,583 shares, a drop of 50.4% from the September 30th total of 67,651 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily volume of 9,867 shares, the short-interest ratio is presently 3.4 days.

Hedge Funds Weigh In On Cambria Chesapeake Pure Trend ETF

A hedge fund recently bought a new position in Cambria Chesapeake Pure Trend ETF stock. ALM First Financial Advisors LLC purchased a new position in shares of Cambria Chesapeake Pure Trend ETF (BATS:MFUT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 810,201 shares of the company’s stock, valued at approximately $15,953,000. Cambria Chesapeake Pure Trend ETF makes up about 2.5% of ALM First Financial Advisors LLC’s holdings, making the stock its 7th biggest position. ALM First Financial Advisors LLC owned about 65.87% of Cambria Chesapeake Pure Trend ETF as of its most recent filing with the Securities and Exchange Commission.

Cambria Chesapeake Pure Trend ETF Stock Performance

Shares of BATS MFUT opened at $19.31 on Monday. The firm’s 50-day simple moving average is $19.82 and its 200 day simple moving average is $18.90. Cambria Chesapeake Pure Trend ETF has a fifty-two week low of $15.26 and a fifty-two week high of $22.00.

About Cambria Chesapeake Pure Trend ETF

The Cambria Chesapeake Pure Trend ETF (MFUT) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that seeks capital preservation and appreciation through a trend-following strategy that targets opportunities across currencies, commodities, fixed income, and equities. MFUT was launched on May 29, 2024 and is issued by Cambria.