Cambria Tail Risk ETF (BATS:TAIL) Short Interest Up 1,900.4% in April

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 87,838 shares, an increase of 1,900.4% from the April 15th total of 4,391 shares. Based on an average daily trading volume, of 357,491 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.1% of the shares of the stock are short sold.

Institutional Trading of Cambria Tail Risk ETF

Hedge funds have recently bought and sold shares of the stock. Continuum Wealth Advisors LLC bought a new position in shares of Cambria Tail Risk ETF during the 1st quarter valued at about $310,000. Beaumont Financial Advisors LLC bought a new stake in shares of Cambria Tail Risk ETF in the first quarter worth about $8,323,000. Simplicity Wealth LLC purchased a new stake in shares of Cambria Tail Risk ETF in the first quarter worth about $122,000. Ascentis Independent Advisors bought a new position in Cambria Tail Risk ETF during the first quarter valued at approximately $960,000. Finally, Ferguson Shapiro LLC bought a new position in Cambria Tail Risk ETF during the first quarter valued at approximately $1,810,000.

Cambria Tail Risk ETF Stock Performance

Shares of Cambria Tail Risk ETF stock traded down $0.04 on Monday, hitting $10.88. 255,740 shares of the company traded hands, compared to its average volume of 528,486. Cambria Tail Risk ETF has a 52 week low of $10.87 and a 52 week high of $12.35. The business has a 50-day simple moving average of $11.46 and a 200 day simple moving average of $11.59. The stock has a market capitalization of $90.30 million, a P/E ratio of 23.34 and a beta of -0.31.

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.