Cambria Emerging Shareholder Yield ETF (BATS:EYLD) Sees Large Increase in Short Interest

Cambria Emerging Shareholder Yield ETF (BATS:EYLD) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 85,831 shares, an increase of 82.3% from the August 15th total of 47,094 shares. Based on an average daily trading volume, of 54,498 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.6% of the shares of the stock are sold short.

Cambria Emerging Shareholder Yield ETF Trading Up 1.3%

EYLD stock opened at $49.01 on Friday. The firm has a 50 day moving average of $47.44 and a 200-day moving average of $45.58. The firm has a market capitalization of $715.55 million, a P/E ratio of 9.92 and a beta of 0.69. Cambria Emerging Shareholder Yield ETF has a 12 month low of $35.89 and a 12 month high of $50.26.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. SHP Wealth Management bought a new position in shares of Cambria Emerging Shareholder Yield ETF in the fourth quarter worth approximately $38,000. Fifth Third Bancorp purchased a new position in Cambria Emerging Shareholder Yield ETF in the 1st quarter worth approximately $74,000. Quantinno Capital Management LP purchased a new position in Cambria Emerging Shareholder Yield ETF in the 1st quarter worth approximately $264,000. Kestra Advisory Services LLC increased its holdings in shares of Cambria Emerging Shareholder Yield ETF by 27.3% in the 1st quarter. Kestra Advisory Services LLC now owns 7,571 shares of the company’s stock worth $314,000 after buying an additional 1,625 shares during the last quarter. Finally, WealthPlan Investment Management LLC increased its holdings in shares of Cambria Emerging Shareholder Yield ETF by 2.6% in the 4th quarter. WealthPlan Investment Management LLC now owns 9,676 shares of the company’s stock worth $371,000 after buying an additional 242 shares during the last quarter.

About Cambria Emerging Shareholder Yield ETF

The Cambria Emerging Shareholder Yield ETF (EYLD) is an exchange-traded fund that mostly invests in total market equity. The fund is actively managed to invest in emerging market stocks focused on shareholder yield, as measured by dividend payments and net share buybacks. EYLD was launched on Jul 14, 2016 and is managed by Cambria.