Cambria Tail Risk ETF (BATS:TAIL) Short Interest Update

Cambria Tail Risk ETF (BATS:TAIL) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 38,643 shares, an increase of 77.9% from the August 15th total of 21,724 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 244,190 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Cambria Tail Risk ETF

Institutional investors have recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF during the first quarter worth about $8,323,000. Ferguson Shapiro LLC purchased a new position in Cambria Tail Risk ETF during the 1st quarter valued at about $1,810,000. HighTower Advisors LLC purchased a new position in Cambria Tail Risk ETF during the 4th quarter valued at about $12,017,000. Ascentis Independent Advisors purchased a new position in Cambria Tail Risk ETF during the 1st quarter valued at about $960,000. Finally, ZEGA Investments LLC raised its position in Cambria Tail Risk ETF by 47.3% during the 2nd quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock valued at $616,000 after purchasing an additional 18,607 shares during the last quarter.

Cambria Tail Risk ETF Price Performance

Shares of BATS TAIL opened at $10.11 on Wednesday. The stock has a market capitalization of $83.91 million, a P/E ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a one year low of $10.07 and a one year high of $12.19. The firm’s 50 day simple moving average is $10.38 and its two-hundred day simple moving average is $10.86.

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.