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

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 78,398 shares, a decrease of 56.2% from the May 14th total of 179,138 shares. Based on an average daily trading volume, of 182,606 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.9% of the company’s stock are sold short.

Institutional Trading of Cambria Tail Risk ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC raised its stake in Cambria Tail Risk ETF by 122.5% during the fourth quarter. LPL Financial LLC now owns 1,421,835 shares of the company’s stock valued at $16,337,000 after buying an additional 782,860 shares in the last quarter. Focus Partners Wealth acquired a new stake in Cambria Tail Risk ETF during the fourth quarter valued at approximately $16,088,000. HighTower Advisors LLC acquired a new stake in Cambria Tail Risk ETF during the fourth quarter valued at approximately $12,017,000. Beaumont Financial Advisors LLC acquired a new stake in Cambria Tail Risk ETF during the first quarter valued at approximately $8,323,000. Finally, Soltis Investment Advisors LLC raised its stake in Cambria Tail Risk ETF by 4.6% during the fourth quarter. Soltis Investment Advisors LLC now owns 221,978 shares of the company’s stock valued at $2,551,000 after buying an additional 9,730 shares in the last quarter.

Cambria Tail Risk ETF Stock Down 0.6%

Shares of BATS TAIL opened at $10.76 on Friday. The stock’s 50 day moving average price is $10.96 and its two-hundred day moving average price is $11.38. Cambria Tail Risk ETF has a 52-week low of $10.66 and a 52-week high of $12.29. The stock has a market capitalization of $89.31 million, a P/E 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.