Cambria Tail Risk ETF (BATS:TAIL) Short Interest Update

Cambria Tail Risk ETF (BATS:TAIL) was the target of 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. Approximately 3.8% of the company’s shares are short sold. Based on an average daily volume of 164,681 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of Cambria Tail Risk ETF

Several large investors have recently added to or reduced their stakes in TAIL. Simplicity Wealth LLC bought a new position in Cambria Tail Risk ETF in the 1st quarter worth $122,000. Envestnet Asset Management Inc. boosted its stake in shares of Cambria Tail Risk ETF by 21.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 78,270 shares of the company’s stock valued at $832,000 after purchasing an additional 13,842 shares in the last quarter. ZEGA Investments LLC boosted its stake in shares of Cambria Tail Risk ETF by 47.3% during the 2nd quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock valued at $616,000 after purchasing an additional 18,607 shares in the last quarter. Continuum Wealth Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF during the first quarter valued at about $310,000. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Cambria Tail Risk ETF during the second quarter valued at about $344,000.

Cambria Tail Risk ETF Stock Performance

Shares of TAIL stock opened at $9.83 on Friday. The firm has a market cap of $81.59 million, a P/E ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a fifty-two week low of $9.81 and a fifty-two week high of $12.19. The business’s 50 day moving average price is $10.28 and its 200-day moving average price is $10.77.

Cambria Tail Risk ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 21st. Investors of record on Friday, September 18th were paid a $0.0844 dividend. The ex-dividend date of this dividend was Friday, September 18th. This is a positive change from Cambria Tail Risk ETF’s previous quarterly dividend of $0.0477. This represents a $0.34 dividend on an annualized basis and a yield of 3.4%.

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.