Cambria Tail Risk ETF (BATS:TAIL – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 101,754 shares, a drop of 73.5% from the June 15th total of 384,378 shares. Based on an average daily volume of 186,137 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.2% of the shares of the stock are sold short.
Institutional Investors Weigh In On Cambria Tail Risk ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fermata Advisors LLC bought a new position in shares of Cambria Tail Risk ETF during the 2nd quarter valued at approximately $396,000. Dynamic Advisor Solutions LLC bought a new position in Cambria Tail Risk ETF during the second quarter valued at $344,000. Continuum Wealth Advisors LLC bought a new position in Cambria Tail Risk ETF during the first quarter valued at $310,000. Beaumont Financial Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF in the first quarter valued at $8,323,000. Finally, Simplicity Wealth LLC purchased a new stake in shares of Cambria Tail Risk ETF in the first quarter valued at $122,000.
Cambria Tail Risk ETF Price Performance
Cambria Tail Risk ETF stock opened at $10.54 on Monday. The company’s 50-day moving average price is $10.73 and its 200-day moving average price is $11.23. Cambria Tail Risk ETF has a twelve month low of $10.42 and a twelve month high of $12.19. The company has a market cap of $87.48 million, a PE ratio of 23.34 and a beta of -0.31.
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.
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