Cambria Tail Risk ETF (BATS:TAIL) Shares Shorted: Short Interest Up 718.5% in September

Cambria Tail Risk ETF (BATS:TAIL) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 316,305 shares, a growth of 718.5% from the August 31st total of 38,643 shares. Currently, 3.8% of the shares of the stock are short sold. Based on an average daily volume of 164,681 shares, the days-to-cover ratio is currently 1.9 days.

Cambria Tail Risk ETF Stock Down 0.4%

Shares of BATS TAIL traded down $0.04 during midday trading on Thursday, reaching $9.82. 134,606 shares of the company were exchanged, compared to its average volume of 349,804. Cambria Tail Risk ETF has a one year low of $9.82 and a one year high of $12.19. The stock has a market cap of $81.51 million, a P/E ratio of 23.34 and a beta of -0.31. The stock’s 50-day moving average price is $10.32 and its 200-day moving average price is $10.79.

Cambria Tail Risk ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 21st. Shareholders of record on Friday, September 18th were given a $0.0844 dividend. This is a boost from Cambria Tail Risk ETF’s previous quarterly dividend of $0.0477. This represents a $0.34 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, September 18th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Simplicity Wealth LLC acquired a new position in shares of Cambria Tail Risk ETF during the first quarter worth $122,000. Continuum Wealth Advisors LLC bought a new stake in shares of Cambria Tail Risk ETF in the 1st quarter valued at about $310,000. Dynamic Advisor Solutions LLC bought a new stake in shares of Cambria Tail Risk ETF in the 2nd quarter valued at about $344,000. Fermata Advisors LLC bought a new position in shares of Cambria Tail Risk ETF during the second quarter worth about $396,000. Finally, ZEGA Investments LLC raised its position in shares of Cambria Tail Risk ETF by 47.3% during the second quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock worth $616,000 after acquiring an additional 18,607 shares during the last quarter.

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.