Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Grows By 103.9%

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 179,138 shares, an increase of 103.9% from the April 30th total of 87,838 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average trading volume of 279,698 shares, the days-to-cover ratio is currently 0.6 days.

Hedge Funds Weigh In On Cambria Tail Risk ETF

A number of institutional investors have recently modified their holdings of TAIL. JPMorgan Chase & Co. bought a new position in shares of Cambria Tail Risk ETF in the second quarter valued at approximately $336,000. StoneX Group Inc. bought a new position in shares of Cambria Tail Risk ETF in the second quarter valued at approximately $144,000. Jane Street Group LLC bought a new position in shares of Cambria Tail Risk ETF in the second quarter valued at approximately $783,000. Tidal Investments LLC raised its position in shares of Cambria Tail Risk ETF by 288.6% in the second quarter. Tidal Investments LLC now owns 79,936 shares of the company’s stock valued at $958,000 after purchasing an additional 59,368 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Cambria Tail Risk ETF by 864.1% in the second quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock valued at $86,000 after purchasing an additional 6,429 shares during the period.

Cambria Tail Risk ETF Stock Performance

Shares of TAIL opened at $10.72 on Wednesday. The firm has a market cap of $88.98 million, a PE ratio of 23.34 and a beta of -0.31. The firm’s 50 day moving average price is $11.14 and its 200 day moving average price is $11.46. Cambria Tail Risk ETF has a twelve month low of $10.66 and a twelve month high of $12.29.

About Cambria Tail Risk ETF

The Cambria Tail Risk ETF (TAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund that holds mostly cash and treasuries while using the strategy of buying put options on the S&P 500 with the purpose of portfolio downside protection. TAIL was launched on Apr 6, 2017 and is managed by Cambria.