Cambria Tail Risk ETF (BATS:TAIL) Sees Significant Increase in Short Interest

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 316,305 shares, a growth of 718.5% from the August 31st total of 38,643 shares. Based on an average daily volume of 164,681 shares, the short-interest ratio is presently 1.9 days. Currently, 3.8% of the company’s stock are sold short.

Cambria Tail Risk ETF Price Performance

Shares of TAIL traded down $0.04 during trading hours on Thursday, hitting $9.82. The stock had a trading volume of 134,606 shares, compared to its average volume of 349,804. Cambria Tail Risk ETF has a 1-year low of $9.82 and a 1-year high of $12.19. The firm has a market capitalization of $81.51 million, a P/E ratio of 23.34 and a beta of -0.31. The firm has a 50 day simple moving average of $10.32 and a 200-day simple moving average of $10.79.

Cambria Tail Risk ETF Increases Dividend

The company 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 $0.0844 per share. This is a positive change from Cambria Tail Risk ETF’s previous quarterly dividend of $0.0477. This represents a $0.34 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Friday, September 18th.

Institutional Trading of Cambria Tail Risk ETF

Several hedge funds have recently bought and sold shares of TAIL. Simplicity Wealth LLC bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at $122,000. Continuum Wealth Advisors LLC bought a new position in shares of Cambria Tail Risk ETF in the first quarter valued at $310,000. Dynamic Advisor Solutions LLC bought a new position in shares of Cambria Tail Risk ETF in the second quarter valued at $344,000. Fermata Advisors LLC acquired a new position in shares of Cambria Tail Risk ETF during the second quarter valued at about $396,000. Finally, ZEGA Investments LLC increased its position in shares of Cambria Tail Risk ETF by 47.3% during the second quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock worth $616,000 after acquiring an additional 18,607 shares in the last quarter.

Cambria Tail Risk ETF Company Profile

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.