Cambria Tax Aware ETF (NASDAQ:TAX) Short Interest Up 3,984.6% in January

Cambria Tax Aware ETF (NASDAQ:TAX) was the target of 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 volume of 1,125 shares, the days-to-cover ratio is presently 5.2 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 1,125 shares, the days-to-cover ratio is presently 5.2 days.

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 shares of Cambria Tax Aware ETF (NASDAQ:TAX) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor 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 reporting period. 49.01% of the stock is owned by hedge funds and other institutional investors.

Cambria Tax Aware ETF Price Performance

TAX stock traded up $0.01 during mid-day trading on Tuesday, reaching $29.38. The company had a trading volume of 529 shares, compared to its average volume of 15,196. The company has a market capitalization of $31.14 million, a PE ratio of 36.73 and a beta of 1.32. The firm has a 50 day moving average of $28.77 and a 200 day moving average of $27.85. Cambria Tax Aware ETF has a 12 month low of $20.00 and a 12 month high of $29.66.

Cambria Tax Aware ETF Announces Dividend

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

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.