Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Rises By 316.8%

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 424,145 shares, a growth of 316.8% from the June 30th total of 101,754 shares. Based on an average daily volume of 217,055 shares, the short-interest ratio is currently 2.0 days. Approximately 5.1% of the shares of the stock are sold short.

Cambria Tail Risk ETF Stock Performance

TAIL opened at $10.54 on Friday. The business’s fifty day moving average is $10.67 and its two-hundred day moving average is $11.17. The company has a market cap of $87.48 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a one year low of $10.42 and a one year high of $12.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TAIL. Global Retirement Partners LLC boosted its position in shares of Cambria Tail Risk ETF by 224.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock worth $53,000 after buying an additional 3,196 shares in the last quarter. Osaic Holdings Inc. increased its holdings in Cambria Tail Risk ETF by 864.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock valued at $86,000 after acquiring an additional 6,429 shares in the last quarter. Bank of Montreal Can purchased a new position in Cambria Tail Risk ETF during the 4th quarter valued at about $115,000. Principal Securities Inc. increased its holdings in Cambria Tail Risk ETF by 202.4% during the 4th quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock valued at $116,000 after acquiring an additional 6,759 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new position in Cambria Tail Risk ETF during the first quarter worth about $122,000.

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.