Cambria Shareholder Yield ETF (BATS:SYLD) Sees Significant Decline in Short Interest

Cambria Shareholder Yield ETF (BATS:SYLD) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 29,911 shares, a decrease of 38.1% from the April 30th total of 48,322 shares. Based on an average daily trading volume, of 70,592 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SYLD. Sound Income Strategies LLC increased its holdings in Cambria Shareholder Yield ETF by 33,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 336 shares of the company’s stock worth $25,000 after buying an additional 335 shares during the period. Kohmann Bosshard Financial Services LLC acquired a new stake in Cambria Shareholder Yield ETF in the 4th quarter valued at $42,000. Advisory Services Network LLC acquired a new stake in Cambria Shareholder Yield ETF in the 3rd quarter valued at $52,000. Tucker Asset Management LLC acquired a new stake in Cambria Shareholder Yield ETF in the 4th quarter valued at $63,000. Finally, Allworth Financial LP acquired a new stake in Cambria Shareholder Yield ETF in the 3rd quarter valued at $67,000.

Cambria Shareholder Yield ETF Trading Up 0.7%

Shares of BATS:SYLD opened at $78.96 on Wednesday. Cambria Shareholder Yield ETF has a twelve month low of $62.86 and a twelve month high of $79.80. The company’s 50 day moving average is $77.30 and its 200 day moving average is $74.29. The company has a market cap of $1.13 billion, a PE ratio of 11.01 and a beta of 1.04.

About Cambria Shareholder Yield ETF

The Cambria Shareholder Yield ETF (SYLD) is an exchange-traded fund that mostly invests in total market equity. The fund offers active exposure to US stocks with attractive cash flow characterized by dividends, shares buybacks and net debt paydown. SYLD was launched on May 14, 2013 and is managed by Cambria.