Cambria Fixed Income Trend ETF (BATS:CFIT) Sees Large Growth in Short Interest

Cambria Fixed Income Trend ETF (BATS:CFIT) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 5,336 shares, an increase of 65.0% from the September 15th total of 3,234 shares. Based on an average daily trading volume, of 9,454 shares, the short-interest ratio is currently 0.6 days. Approximately 1.0% of the company’s stock are sold short.

Cambria Fixed Income Trend ETF Price Performance

Shares of Cambria Fixed Income Trend ETF stock opened at $24.93 on Friday. Cambria Fixed Income Trend ETF has a 52-week low of $24.42 and a 52-week high of $26.45. The company has a 50-day simple moving average of $25.59 and a two-hundred day simple moving average of $25.73.

Cambria Fixed Income Trend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were given a $0.3025 dividend. This is a boost from Cambria Fixed Income Trend ETF’s previous quarterly dividend of $0.1031. The ex-dividend date of this dividend was Friday, September 18th. This represents a $1.21 dividend on an annualized basis and a yield of 4.9%.

Institutional Trading of Cambria Fixed Income Trend ETF

A number of hedge funds have recently bought and sold shares of the company. Sound Financial Strategies Group LLC purchased a new stake in shares of Cambria Fixed Income Trend ETF during the 2nd quarter valued at about $15,231,000. Kintra Wealth LLC purchased a new position in shares of Cambria Fixed Income Trend ETF in the second quarter worth approximately $756,000. Envestnet Asset Management Inc. boosted its holdings in shares of Cambria Fixed Income Trend ETF by 23.5% in the second quarter. Envestnet Asset Management Inc. now owns 15,948 shares of the company’s stock worth $416,000 after buying an additional 3,031 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Cambria Fixed Income Trend ETF in the third quarter worth approximately $327,000. Finally, Ascentis Independent Advisors bought a new stake in Cambria Fixed Income Trend ETF during the first quarter valued at approximately $320,000.

About Cambria Fixed Income Trend ETF

Cambria ETF Trust – Cambria Fixed Income Trend ETF is an exchange traded fund launched and managed by Cambria Investment Management, L.P. The fund is co-managed by Tidal Investments LLC. It invests in fixed income markets of global region. The fund invests directly and through other funds in intermediate term U.S. government securities, such as Treasury bonds, Treasury notes, T-bills and Treasury Inflation-Protected Securities, corporate bonds, high yield bonds, municipal bonds, residential and commercial mortgage-backed securities, convertible securities, preferred securities, private credit, foreign developed government bonds and emerging market government bonds.