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

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

Cambria Shareholder Yield ETF Stock Performance

Shares of SYLD stock opened at $78.96 on Wednesday. Cambria Shareholder Yield ETF has a fifty-two week low of $62.86 and a fifty-two week high of $79.80. The firm has a market capitalization of $1.13 billion, a P/E ratio of 11.01 and a beta of 1.04. The stock’s fifty day moving average is $77.30 and its two-hundred day moving average is $74.29.

Hedge Funds Weigh In On Cambria Shareholder Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in SYLD. Sound Income Strategies LLC increased its position in shares of Cambria Shareholder Yield ETF by 33,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 336 shares of the company’s stock worth $25,000 after purchasing an additional 335 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $42,000. Advisory Services Network LLC acquired a new stake in shares of Cambria Shareholder Yield ETF during the third quarter worth about $52,000. Tucker Asset Management LLC acquired a new stake in shares of Cambria Shareholder Yield ETF during the fourth quarter worth about $63,000. Finally, Allworth Financial LP purchased a new position in shares of Cambria Shareholder Yield ETF during the third quarter worth approximately $67,000.

Cambria Shareholder Yield ETF Company Profile

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.