Short Interest in Cambria Global Value ETF (BATS:GVAL) Rises By 553.0%

Cambria Global Value ETF (BATS:GVAL) was the recipient of a significant increase in short interest in 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 daily volume of 209,764 shares, the short-interest ratio is currently 1.5 days. Approximately 3.6% of the company’s stock are short sold.

Cambria Global Value ETF Price Performance

Shares of GVAL stock opened at $36.94 on Monday. The firm has a market cap of $317.68 million, a price-to-earnings ratio of 10.49 and a beta of 0.76. Cambria Global Value ETF has a 52-week low of $27.17 and a 52-week high of $37.94. The company’s 50 day moving average is $35.88 and its 200 day moving average is $34.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new position in shares of Cambria Global Value ETF in the 2nd quarter worth $26,000. Ascentis Independent Advisors purchased a new position in Cambria Global Value ETF in the first quarter valued at about $66,000. Western Wealth Management LLC bought a new position in Cambria Global Value ETF in the first quarter worth about $113,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Cambria Global Value ETF by 10,151.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,793 shares of the company’s stock valued at $119,000 after buying an additional 3,756 shares during the last quarter. Finally, Longview Financial Advisors Inc. bought a new stake in shares of Cambria Global Value ETF in the 1st quarter valued at about $132,000.

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.