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

Cambria Tax Aware ETF (NASDAQ:TAX) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 111 shares, a drop of 67.0% from the February 26th total of 336 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 255 shares, the days-to-cover ratio is presently 0.4 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) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,589 shares of the company’s stock, valued at approximately $404,000. Sunbelt Securities Inc. owned approximately 1.38% of Cambria Tax Aware ETF as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 49.01% of the company’s stock.

Cambria Tax Aware ETF Trading Down 1.8%

Shares of NASDAQ TAX opened at $26.84 on Friday. Cambria Tax Aware ETF has a 1-year low of $20.00 and a 1-year high of $29.66. The company has a 50-day moving average of $28.51 and a two-hundred day moving average of $28.33. The company has a market cap of $22.28 million, a PE ratio of 33.55 and a beta of 1.32.

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.