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

Cambria Global Value ETF (BATS:GVAL) saw a large decrease in short interest in May. As of May 29th, there was short interest totaling 6,919 shares, a decrease of 84.1% from the May 14th total of 43,500 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 103,721 shares, the days-to-cover ratio is currently 0.1 days.

Cambria Global Value ETF Stock Up 0.7%

Shares of BATS:GVAL opened at $35.35 on Wednesday. The business has a fifty day moving average of $35.16 and a two-hundred day moving average of $33.78. The stock has a market cap of $304.01 million, a P/E ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 52-week low of $25.89 and a 52-week high of $36.44.

Institutional Trading of Cambria Global Value ETF

Several hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of Cambria Global Value ETF in the 1st quarter valued at approximately $525,000. Western Wealth Management LLC purchased a new stake in shares of Cambria Global Value ETF in the 1st quarter valued at approximately $113,000. Royal Bank of Canada grew its stake in shares of Cambria Global Value ETF by 570.4% in the 1st quarter. Royal Bank of Canada now owns 11,417 shares of the company’s stock valued at $378,000 after buying an additional 9,714 shares during the period. Empowered Funds LLC grew its stake 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 period. Finally, Signature Equity Partners LLC purchased a new stake in shares of Cambria Global Value ETF in the 1st quarter valued at approximately $1,128,000.

Cambria Global Value ETF Company Profile

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.