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 significant drop in short interest in 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 days-to-cover ratio is currently 1.2 days. Approximately 0.4% of the company’s shares are sold short.

Cambria Global Asset Allocation ETF Stock Up 0.1%

Shares of GAA stock traded up $0.03 during mid-day trading on Friday, reaching $35.16. 924 shares of the stock traded hands, compared to its average volume of 5,939. The stock’s fifty day simple moving average is $34.51 and its two-hundred day simple moving average is $33.74. Cambria Global Asset Allocation ETF has a 1-year low of $29.60 and a 1-year high of $35.59. The company has a market cap of $65.05 million, a price-to-earnings ratio of 10.59 and a beta of 0.50.

Hedge Funds Weigh In On Cambria Global Asset Allocation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in GAA. Susquehanna International Group LLP acquired a new position in shares of Cambria Global Asset Allocation ETF in the third quarter worth approximately $219,000. Snowden Capital Advisors LLC acquired a new position in shares of Cambria Global Asset Allocation ETF in the second quarter worth approximately $201,000. LPL Financial LLC lifted its stake in shares of Cambria Global Asset Allocation ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 281,859 shares of the company’s stock worth $9,163,000 after acquiring an additional 6,369 shares during the period. Professional Financial Advisors LLC lifted its stake in shares of Cambria Global Asset Allocation ETF by 9.3% in the fourth quarter. Professional Financial Advisors LLC now owns 54,914 shares of the company’s stock worth $1,785,000 after acquiring an additional 4,676 shares during the period. Finally, StoneX Group Inc. lifted its stake in shares of Cambria Global Asset Allocation ETF by 4.8% in the fourth quarter. StoneX Group Inc. now owns 74,258 shares of the company’s stock worth $2,414,000 after acquiring an additional 3,430 shares during the period.

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.