Cambria Global Asset Allocation ETF (BATS:GAA) Short Interest Down 78.7% in May

Cambria Global Asset Allocation ETF (BATS:GAA) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 7,136 shares, a decrease of 78.7% from the April 30th total of 33,464 shares. Based on an average daily volume of 6,193 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.4% of the shares of the stock are sold short.

Cambria Global Asset Allocation ETF Stock Performance

Cambria Global Asset Allocation ETF stock opened at $35.13 on Friday. The stock has a market cap of $64.99 million, a P/E ratio of 10.59 and a beta of 0.50. Cambria Global Asset Allocation ETF has a fifty-two week low of $29.60 and a fifty-two week high of $35.59. The firm’s fifty day moving average price is $34.48 and its 200-day moving average price is $33.73.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Cambria Global Asset Allocation ETF during the second quarter valued at about $55,000. Advisory Services Network LLC purchased a new position in Cambria Global Asset Allocation ETF in the 3rd quarter worth $60,000. Global Retirement Partners LLC bought a new position in shares of Cambria Global Asset Allocation ETF during the fourth quarter valued at about $65,000. Osaic Holdings Inc. grew its stake in shares of Cambria Global Asset Allocation ETF by 31.0% during the second quarter. Osaic Holdings Inc. now owns 2,034 shares of the company’s stock valued at $62,000 after buying an additional 481 shares during the last quarter. Finally, Snowden Capital Advisors LLC purchased a new position in shares of Cambria Global Asset Allocation ETF in the second quarter worth about $201,000.

About Cambria Global Asset Allocation ETF

The Cambria Global Asset Allocation ETF (GAA) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that provides exposure to equity, fixed-income, real estate, commodities, and currencies. The fund aims for returns and reduced volatility. GAA was launched on Dec 9, 2014 and is managed by Cambria.