Cambria Fixed Income Trend ETF (BATS:CFIT) Shares Shorted: Short Interest Up 645.2% in October

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

Institutional Trading of Cambria Fixed Income Trend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CFIT. Ascentis Independent Advisors acquired a new position in Cambria Fixed Income Trend ETF in the 1st quarter valued at approximately $320,000. Sanders Morris Harris LLC acquired a new stake in Cambria Fixed Income Trend ETF in the third quarter valued at $327,000. Envestnet Asset Management Inc. increased its holdings in 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 valued at $416,000 after purchasing an additional 3,031 shares during the period. Kintra Wealth LLC bought a new position in Cambria Fixed Income Trend ETF during the 2nd quarter worth $756,000. Finally, Sound Financial Strategies Group LLC bought a new position in Cambria Fixed Income Trend ETF during the 2nd quarter worth $15,231,000.

Cambria Fixed Income Trend ETF Price Performance

Shares of BATS:CFIT opened at $24.95 on Wednesday. The business’s 50 day simple moving average is $25.43 and its 200 day simple moving average is $25.65. Cambria Fixed Income Trend ETF has a 1 year low of $24.42 and a 1 year high of $26.45.

Cambria Fixed Income Trend ETF Increases Dividend

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

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.