Cambria Tail Risk ETF (BATS:TAIL) Sees Large Drop in Short Interest

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 101,754 shares, a decline of 73.5% from the June 15th total of 384,378 shares. Based on an average daily volume of 186,137 shares, the days-to-cover ratio is currently 0.5 days. Currently, 1.2% of the shares of the stock are short sold.

Cambria Tail Risk ETF Price Performance

TAIL stock opened at $10.52 on Tuesday. The firm has a market cap of $87.32 million, a PE ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 12 month low of $10.42 and a 12 month high of $12.19. The firm has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $11.22.

Hedge Funds Weigh In On Cambria Tail Risk ETF

A number of institutional investors have recently bought and sold shares of TAIL. 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 during the period. Focus Partners Wealth purchased a new position in Cambria Tail Risk ETF during the 4th quarter worth approximately $16,088,000. HighTower Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF in the fourth quarter valued at $12,017,000. Beaumont Financial Advisors LLC acquired a new stake in shares of Cambria Tail Risk ETF in the first quarter worth $8,323,000. Finally, Soltis Investment Advisors LLC boosted its position 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 buying an additional 9,730 shares during the period.

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.