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

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 78,398 shares, a drop 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. Approximately 0.9% of the shares of the company are sold short.

Cambria Tail Risk ETF Price Performance

Shares of BATS TAIL opened at $10.76 on Friday. Cambria Tail Risk ETF has a 1-year low of $10.66 and a 1-year high of $12.29. The business’s fifty day moving average price is $10.96 and its two-hundred day moving average price is $11.38. The firm has a market capitalization of $89.31 million, a PE ratio of 23.34 and a beta of -0.31.

Institutional Investors Weigh In On Cambria Tail Risk ETF

Several large investors have recently added to or reduced their stakes in TAIL. Global Retirement Partners LLC increased its position in Cambria Tail Risk ETF by 224.4% in the fourth quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock worth $53,000 after buying an additional 3,196 shares during the period. Osaic Holdings Inc. increased its position in Cambria Tail Risk ETF by 864.1% in the second quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock worth $86,000 after buying an additional 6,429 shares during the period. Bank of Montreal Can acquired a new stake in Cambria Tail Risk ETF in the fourth quarter worth $115,000. Principal Securities Inc. increased its position in Cambria Tail Risk ETF by 202.4% in the fourth quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock worth $116,000 after buying an additional 6,759 shares during the period. Finally, Simplicity Wealth LLC acquired a new stake in Cambria Tail Risk ETF in the first quarter worth $122,000.

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.