Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Rises By 316.8%

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 424,145 shares, an increase of 316.8% from the June 30th total of 101,754 shares. Based on an average daily volume of 217,055 shares, the short-interest ratio is currently 2.0 days. Approximately 5.1% of the shares of the company are short sold.

Cambria Tail Risk ETF Price Performance

Shares of BATS:TAIL remained flat at $10.54 during trading on Monday. The stock had a trading volume of 32,611 shares, compared to its average volume of 406,437. The stock has a market capitalization of $87.48 million, a P/E ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a one year low of $10.42 and a one year high of $12.19. The company has a fifty day moving average price of $10.67 and a two-hundred day moving average price of $11.16.

Institutional Investors Weigh In On Cambria Tail Risk ETF

Several large investors have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in shares of 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 worth $16,337,000 after purchasing an additional 782,860 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Cambria Tail Risk ETF in the fourth quarter valued at about $16,088,000. HighTower Advisors LLC bought a new position in shares of Cambria Tail Risk ETF in the fourth quarter valued at about $12,017,000. Beaumont Financial Advisors LLC acquired a new position in Cambria Tail Risk ETF during the 1st quarter worth about $8,323,000. Finally, Soltis Investment Advisors LLC lifted its position in Cambria Tail Risk ETF by 4.6% during the 4th quarter. Soltis Investment Advisors LLC now owns 221,978 shares of the company’s stock worth $2,551,000 after buying an additional 9,730 shares in 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.