Cambria Tail Risk ETF (BATS:TAIL) Stock Short Interest Drops 37.1%

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 180,380 shares, a decline of 37.1% from the September 30th total of 286,889 shares. Based on an average daily volume of 150,360 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI acquired a new stake in Cambria Tail Risk ETF during the third quarter worth approximately $383,000. Professional Financial Management Inc. boosted its holdings in shares of Cambria Tail Risk ETF by 1.8% in the 3rd quarter. Professional Financial Management Inc. now owns 795,546 shares of the company’s stock worth $7,784,000 after buying an additional 14,199 shares during the last quarter. Mather Group LLC. purchased a new position in shares of Cambria Tail Risk ETF in the 3rd quarter worth about $1,542,000. Farther Finance Advisors LLC lifted its position in Cambria Tail Risk ETF by 39.0% during the third quarter. Farther Finance Advisors LLC now owns 52,946 shares of the company’s stock valued at $518,000 after purchasing an additional 14,868 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Cambria Tail Risk ETF by 21.5% during the second quarter. Envestnet Asset Management Inc. now owns 78,270 shares of the company’s stock valued at $832,000 after purchasing an additional 13,842 shares during the last quarter.

Cambria Tail Risk ETF Stock Performance

TAIL stock opened at $10.13 on Monday. The stock has a 50-day moving average price of $10.00 and a two-hundred day moving average price of $10.80. Cambria Tail Risk ETF has a 1 year low of $9.70 and a 1 year high of $12.19. The stock has a market cap of $84.08 million, a PE ratio of 23.34 and a beta of -0.31.

Cambria Tail Risk ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were given a dividend of $0.0844 per share. This is a positive change from Cambria Tail Risk ETF’s previous quarterly dividend of $0.0477. The ex-dividend date of this dividend was Friday, September 18th. This represents a $0.34 annualized dividend and a dividend yield of 3.3%.

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.