Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Drops By 96.3%

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 15,489 shares, a decline of 96.3% from the July 15th total of 424,145 shares. Based on an average daily volume of 111,716 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Cambria Tail Risk ETF

A number of hedge funds have recently bought and sold shares of the business. Global Retirement Partners LLC grew its position in shares of Cambria Tail Risk ETF by 224.4% during 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 in the last quarter. Osaic Holdings Inc. increased its stake in shares of 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 last quarter. Bank of Montreal Can acquired a new stake in Cambria Tail Risk ETF in the fourth quarter valued at $115,000. Principal Securities Inc. boosted its stake in Cambria Tail Risk ETF by 202.4% during the 4th quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock valued at $116,000 after acquiring an additional 6,759 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in Cambria Tail Risk ETF during the 1st quarter valued at $122,000.

Cambria Tail Risk ETF Price Performance

BATS TAIL traded up $0.02 during trading hours on Tuesday, hitting $10.35. The company had a trading volume of 44,181 shares, compared to its average volume of 385,845. Cambria Tail Risk ETF has a fifty-two week low of $10.32 and a fifty-two week high of $12.19. The company has a market capitalization of $85.91 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. The firm’s 50 day moving average is $10.61 and its 200 day moving average is $11.09.

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.