Cambria Tail Risk ETF (BATS:TAIL) Short Interest Up 103.9% in May

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 179,138 shares, an increase of 103.9% from the April 30th total of 87,838 shares. Based on an average daily trading volume, of 279,698 shares, the short-interest ratio is currently 0.6 days. Approximately 2.2% of the shares of the company are sold short.

Institutional Trading of Cambria Tail Risk ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Continuum Wealth Advisors LLC bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at approximately $310,000. Beaumont Financial Advisors LLC bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at approximately $8,323,000. Simplicity Wealth LLC bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at approximately $122,000. Ascentis Independent Advisors bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at approximately $960,000. Finally, Ferguson Shapiro LLC bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at approximately $1,810,000.

Cambria Tail Risk ETF Price Performance

TAIL stock opened at $10.71 on Monday. Cambria Tail Risk ETF has a twelve month low of $10.66 and a twelve month high of $12.29. The stock has a market cap of $88.89 million, a P/E ratio of 23.34 and a beta of -0.31. The business’s 50-day moving average price is $11.16 and its 200-day moving average price is $11.47.

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.