Cambria Tax Aware ETF (NASDAQ:TAX) Sees Large Increase in Short Interest

Cambria Tax Aware ETF (NASDAQ:TAX) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 5,841 shares, an increase of 3,984.6% from the December 31st total of 143 shares. Based on an average daily trading volume, of 1,125 shares, the short-interest ratio is currently 5.2 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,125 shares, the short-interest ratio is currently 5.2 days.

Cambria Tax Aware ETF Price Performance

NASDAQ:TAX opened at $29.38 on Wednesday. The company has a market cap of $31.14 million, a price-to-earnings ratio of 36.73 and a beta of 1.32. Cambria Tax Aware ETF has a 1 year low of $20.00 and a 1 year high of $29.66. The stock’s 50 day simple moving average is $28.77 and its two-hundred day simple moving average is $27.85.

Cambria Tax Aware ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were given a $0.0979 dividend. The ex-dividend date was Tuesday, December 23rd. Cambria Tax Aware ETF’s payout ratio is currently 6.25%.

Hedge Funds Weigh In On Cambria Tax Aware ETF

A hedge fund recently bought a new stake in Cambria Tax Aware ETF stock. Sunbelt Securities Inc. bought a new position in Cambria Tax Aware ETF (NASDAQ:TAX) during the third quarter, according to its most recent 13F filing with the SEC. The fund bought 14,589 shares of the company’s stock, valued at approximately $404,000. Sunbelt Securities Inc. owned about 1.38% of Cambria Tax Aware ETF as of its most recent SEC filing. 49.01% of the stock is currently owned by institutional investors.

About Cambria Tax Aware ETF

The Cambria Tax Aware ETF (TAX) is an exchange-traded fund that mostly invests in total market equity. The fund actively selects US stocks with value and quality characteristics and low or no dividend yields. The fund aims to generate capital appreciation without distributing high dividend income or taxable gains. TAX was launched on Dec 18, 2024 and is issued by Cambria.