Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Expands By 1,900.4%

Cambria Tail Risk ETF (BATS:TAIL) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 87,838 shares, an increase of 1,900.4% from the April 15th total of 4,391 shares. Based on an average daily trading volume, of 357,491 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Cambria Tail Risk ETF

Institutional investors have recently made changes to their positions in the stock. Continuum Wealth Advisors LLC acquired a new stake in shares of Cambria Tail Risk ETF during the 1st quarter worth approximately $310,000. Beaumont Financial Advisors LLC bought a new stake in shares of Cambria Tail Risk ETF during the first quarter valued at about $8,323,000. Simplicity Wealth LLC bought a new stake in shares of Cambria Tail Risk ETF in the 1st quarter worth $122,000. Ascentis Independent Advisors bought a new stake in shares of Cambria Tail Risk ETF in the 1st quarter worth $960,000. Finally, Ferguson Shapiro LLC acquired a new stake in shares of Cambria Tail Risk ETF in the first quarter valued at $1,810,000.

Cambria Tail Risk ETF Stock Performance

BATS TAIL opened at $10.91 on Wednesday. Cambria Tail Risk ETF has a one year low of $10.84 and a one year high of $12.35. The company has a 50-day simple moving average of $11.42 and a 200-day simple moving average of $11.57. The firm has a market capitalization of $90.55 million, a PE ratio of 23.34 and a beta of -0.31.

Cambria Tail Risk ETF Company Profile

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.