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

Cambria Tax Aware ETF (NASDAQ:TAX) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,969 shares, a drop of 32.0% from the January 15th total of 5,841 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 25,657 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 25,657 shares, the short-interest ratio is currently 0.2 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of Cambria Tax Aware ETF

A hedge fund recently bought a new stake in Cambria Tax Aware ETF stock. Sunbelt Securities Inc. acquired a new stake in shares of Cambria Tax Aware ETF (NASDAQ:TAX) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 14,589 shares of the company’s stock, valued at approximately $404,000. Sunbelt Securities Inc. owned 1.38% of Cambria Tax Aware ETF at the end of the most recent quarter. 49.01% of the stock is owned by institutional investors.

Cambria Tax Aware ETF Price Performance

Shares of TAX stock opened at $29.02 on Friday. The company has a market cap of $24.09 million, a P/E ratio of 36.28 and a beta of 1.32. The stock’s 50-day moving average is $29.03 and its 200 day moving average is $28.08. Cambria Tax Aware ETF has a 1-year low of $20.00 and a 1-year high of $29.66.

Cambria Tax Aware ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, December 24th. Shareholders of record on Tuesday, December 23rd were paid a $0.0979 dividend. The ex-dividend date was Tuesday, December 23rd. Cambria Tax Aware ETF’s dividend payout ratio (DPR) is 6.25%.

Cambria Tax Aware ETF Company Profile

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.