Cambria Chesapeake Pure Trend ETF (BATS:MFUT) Stock Short Interest Drops 50.4%

Cambria Chesapeake Pure Trend ETF (BATS:MFUT) was the target of 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. Based on an average daily trading volume, of 9,867 shares, the short-interest ratio is currently 3.4 days. Currently, 2.7% of the company’s shares are short sold.

Institutional Investors Weigh In On Cambria Chesapeake Pure Trend ETF

An institutional investor recently bought a new stake in Cambria Chesapeake Pure Trend ETF stock. ALM First Financial Advisors LLC purchased a new stake in Cambria Chesapeake Pure Trend ETF (BATS:MFUT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 810,201 shares of the company’s stock, valued at approximately $15,953,000. Cambria Chesapeake Pure Trend ETF comprises about 2.5% of ALM First Financial Advisors LLC’s investment portfolio, making the stock its 7th biggest position. ALM First Financial Advisors LLC owned about 65.87% of Cambria Chesapeake Pure Trend ETF at the end of the most recent quarter.

Cambria Chesapeake Pure Trend ETF Stock Down 0.7%

Shares of BATS MFUT opened at $19.31 on Friday. Cambria Chesapeake Pure Trend ETF has a twelve month low of $15.26 and a twelve month high of $22.00. The stock has a fifty day simple moving average of $19.82 and a 200-day simple moving average of $18.90.

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.