Cambria Tail Risk ETF (BATS:TAIL – Get Free Report) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 424,145 shares, an increase of 316.8% from the June 30th total of 101,754 shares. Approximately 5.1% of the company’s shares are short sold. Based on an average trading volume of 217,055 shares, the short-interest ratio is currently 2.0 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Wealth purchased a new stake in Cambria Tail Risk ETF in the 4th quarter worth approximately $16,088,000. HighTower Advisors LLC bought a new position in shares of Cambria Tail Risk ETF during the fourth quarter valued at approximately $12,017,000. LPL Financial LLC raised its holdings in shares of Cambria Tail Risk ETF by 122.5% during the fourth quarter. LPL Financial LLC now owns 1,421,835 shares of the company’s stock valued at $16,337,000 after acquiring an additional 782,860 shares in the last quarter. Beaumont Financial Advisors LLC purchased a new stake in Cambria Tail Risk ETF in the first quarter worth $8,323,000. Finally, Ferguson Shapiro LLC bought a new stake in Cambria Tail Risk ETF in the first quarter valued at $1,810,000.
Cambria Tail Risk ETF Stock Performance
Shares of BATS:TAIL opened at $10.54 on Tuesday. The company has a market cap of $87.48 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. The company has a 50-day moving average price of $10.66 and a 200-day moving average price of $11.16. Cambria Tail Risk ETF has a 12 month low of $10.42 and a 12 month high of $12.19.
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.
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