Cambria Fixed Income Trend ETF (BATS:CFIT) Sees Significant Increase in Short Interest

Cambria Fixed Income Trend ETF (BATS:CFIT) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 39,763 shares, an increase of 645.2% from the September 30th total of 5,336 shares. Currently, 7.2% of the company’s stock are short sold. Based on an average trading volume of 28,308 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of Cambria Fixed Income Trend ETF

Institutional investors have recently made changes to their positions in the business. Sound Financial Strategies Group LLC purchased a new stake in Cambria Fixed Income Trend ETF in the second quarter valued at about $15,231,000. Kintra Wealth LLC acquired a new stake in Cambria Fixed Income Trend ETF in the second quarter worth about $756,000. Sanders Morris Harris LLC acquired a new stake in Cambria Fixed Income Trend ETF in the third quarter worth about $327,000. Ascentis Independent Advisors purchased a new stake in shares of Cambria Fixed Income Trend ETF during the first quarter worth about $320,000. Finally, Envestnet Asset Management Inc. grew its stake in shares of Cambria Fixed Income Trend ETF by 23.5% during the second quarter. Envestnet Asset Management Inc. now owns 15,948 shares of the company’s stock worth $416,000 after acquiring an additional 3,031 shares during the last quarter.

Cambria Fixed Income Trend ETF Stock Up 0.1%

BATS CFIT opened at $24.97 on Thursday. The firm’s fifty day simple moving average is $25.41 and its two-hundred day simple moving average is $25.64. Cambria Fixed Income Trend ETF has a 12-month low of $24.42 and a 12-month high of $26.45.

Cambria Fixed Income Trend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 21st. Stockholders of record on Friday, September 18th were issued a dividend of $0.3025 per share. The ex-dividend date was Friday, September 18th. This represents a $1.21 annualized dividend and a dividend yield of 4.8%. This is a boost from Cambria Fixed Income Trend ETF’s previous quarterly dividend of $0.1031.

Cambria Fixed Income Trend ETF Company Profile

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.