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

Cambria Tax Aware ETF (NASDAQ:TAX) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 171 shares, a growth of 131.1% from the November 30th total of 74 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 261 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 261 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the stock are short sold.

Cambria Tax Aware ETF Price Performance

Cambria Tax Aware ETF stock opened at $28.94 on Friday. The stock has a market capitalization of $30.68 million, a PE ratio of 36.18 and a beta of 1.32. The business has a 50 day simple moving average of $28.33 and a 200-day simple moving average of $27.30. Cambria Tax Aware ETF has a 12 month low of $20.00 and a 12 month high of $29.32.

Cambria Tax Aware ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, December 24th. Stockholders 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 dividend payout ratio (DPR) is 6.25%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cambria Tax Aware ETF stock. Sunbelt Securities Inc. acquired a new position in Cambria Tax Aware ETF (NASDAQ:TAX) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 49.01% of the company’s stock.

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.