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

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

Institutional Trading of Cambria Global Value ETF

Several large investors have recently made changes to their positions in GVAL. Cambria Investment Management L.P. increased its position in shares of Cambria Global Value ETF by 68.6% during the third quarter. Cambria Investment Management L.P. now owns 1,191,793 shares of the company’s stock worth $34,836,000 after purchasing an additional 485,102 shares in the last quarter. MML Investors Services LLC grew its stake in Cambria Global Value ETF by 2,450.1% during the 4th quarter. MML Investors Services LLC now owns 329,093 shares of the company’s stock valued at $10,357,000 after acquiring an additional 316,188 shares in the last quarter. Raymond James Financial Inc. grew its stake in Cambria Global Value ETF by 936.8% during the 3rd quarter. Raymond James Financial Inc. now owns 145,925 shares of the company’s stock valued at $4,265,000 after acquiring an additional 131,850 shares in the last quarter. D.A. Davidson & CO. grew its stake in Cambria Global Value ETF by 92.5% during the 1st quarter. D.A. Davidson & CO. now owns 234,069 shares of the company’s stock valued at $7,764,000 after acquiring an additional 112,473 shares in the last quarter. Finally, Fortis Group Advisors LLC grew its stake in Cambria Global Value ETF by 121.9% during the 4th quarter. Fortis Group Advisors LLC now owns 128,859 shares of the company’s stock valued at $4,483,000 after acquiring an additional 70,779 shares in the last quarter.

Cambria Global Value ETF Stock Performance

Shares of GVAL opened at $35.35 on Wednesday. Cambria Global Value ETF has a one year low of $25.89 and a one year high of $36.44. The stock has a market capitalization of $304.01 million, a price-to-earnings ratio of 10.49 and a beta of 0.76. The stock has a 50 day moving average price of $35.16 and a 200 day moving average price of $33.78.

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.