Cambria Tail Risk ETF (BATS:TAIL) Sees Significant Increase in Short Interest

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 384,378 shares, a growth of 390.3% from the May 31st total of 78,398 shares. Approximately 4.6% of the company’s shares are short sold. Based on an average daily volume of 274,658 shares, the short-interest ratio is presently 1.4 days.

Institutional Investors Weigh In On Cambria Tail Risk ETF

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC increased its position in shares of Cambria Tail Risk ETF by 122.5% in the fourth quarter. LPL Financial LLC now owns 1,421,835 shares of the company’s stock worth $16,337,000 after acquiring an additional 782,860 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of Cambria Tail Risk ETF during the 4th quarter valued at $16,088,000. HighTower Advisors LLC purchased a new stake in Cambria Tail Risk ETF during the 4th quarter worth $12,017,000. Beaumont Financial Advisors LLC purchased a new stake in Cambria Tail Risk ETF during the 1st quarter worth $8,323,000. Finally, Soltis Investment Advisors LLC increased its holdings in Cambria Tail Risk ETF by 4.6% in the 4th quarter. Soltis Investment Advisors LLC now owns 221,978 shares of the company’s stock valued at $2,551,000 after purchasing an additional 9,730 shares in the last quarter.

Cambria Tail Risk ETF Stock Performance

Shares of BATS:TAIL opened at $10.83 on Monday. The stock has a 50-day simple moving average of $10.83 and a 200-day simple moving average of $11.30. The stock has a market capitalization of $89.89 million, a P/E ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 1 year low of $10.60 and a 1 year high of $12.19.

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.