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

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

Institutional Investors Weigh In On Cambria Global Asset Allocation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in Cambria Global Asset Allocation ETF in the second quarter worth $55,000. Advisory Services Network LLC purchased a new stake in shares of Cambria Global Asset Allocation ETF in the 3rd quarter worth about $60,000. Osaic Holdings Inc. grew its position in shares of Cambria Global Asset Allocation ETF by 31.0% in the 2nd quarter. Osaic Holdings Inc. now owns 2,034 shares of the company’s stock worth $62,000 after buying an additional 481 shares during the period. Global Retirement Partners LLC bought a new position in shares of Cambria Global Asset Allocation ETF in the 4th quarter worth about $65,000. Finally, Snowden Capital Advisors LLC purchased a new position in Cambria Global Asset Allocation ETF during the 2nd quarter valued at about $201,000.

Cambria Global Asset Allocation ETF Price Performance

Shares of BATS GAA opened at $35.13 on Friday. Cambria Global Asset Allocation ETF has a 1 year low of $29.60 and a 1 year high of $35.59. The stock has a market capitalization of $64.99 million, a P/E ratio of 10.59 and a beta of 0.50. The company’s 50-day moving average is $34.48 and its 200 day moving average is $33.73.

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.