Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Decreases By 56.2%

Cambria Tail Risk ETF (BATS:TAIL) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 78,398 shares, a decrease of 56.2% from the May 14th total of 179,138 shares. Based on an average daily trading volume, of 182,606 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are short sold.

Cambria Tail Risk ETF Price Performance

Shares of BATS TAIL opened at $10.82 on Friday. The firm has a fifty day moving average price of $10.98 and a 200-day moving average price of $11.39. The stock has a market cap of $89.81 million, a PE ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 1 year low of $10.66 and a 1 year high of $12.29.

Institutional Trading of Cambria Tail Risk ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of Cambria Tail Risk ETF by 122.5% in the fourth quarter. LPL Financial LLC now owns 1,421,835 shares of the company’s stock worth $16,337,000 after purchasing an additional 782,860 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Cambria Tail Risk ETF in the fourth quarter worth $16,088,000. HighTower Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF in the fourth quarter worth $12,017,000. Beaumont Financial Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF in the first quarter worth $8,323,000. Finally, Soltis Investment Advisors LLC increased its stake in shares of Cambria Tail Risk ETF by 4.6% in the fourth quarter. Soltis Investment Advisors LLC now owns 221,978 shares of the company’s stock worth $2,551,000 after purchasing an additional 9,730 shares in the last quarter.

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.