Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Increases By 77.9%

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 38,643 shares, a growth of 77.9% from the August 15th total of 21,724 shares. Based on an average daily trading volume, of 244,190 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ZEGA Investments LLC boosted its holdings in Cambria Tail Risk ETF by 47.3% in the 2nd quarter. ZEGA Investments LLC now owns 57,935 shares of the company’s stock worth $616,000 after buying an additional 18,607 shares during the period. Fermata Advisors LLC purchased a new position in Cambria Tail Risk ETF in the 2nd quarter valued at approximately $396,000. Dynamic Advisor Solutions LLC bought a new stake in Cambria Tail Risk ETF during the 2nd quarter valued at $344,000. Continuum Wealth Advisors LLC bought a new stake in Cambria Tail Risk ETF during the 1st quarter valued at $310,000. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Cambria Tail Risk ETF during the first quarter worth $8,323,000.

Cambria Tail Risk ETF Stock Performance

Shares of TAIL stock opened at $10.11 on Wednesday. The firm has a fifty day simple moving average of $10.38 and a two-hundred day simple moving average of $10.86. Cambria Tail Risk ETF has a 12 month low of $10.07 and a 12 month high of $12.19. The firm has a market capitalization of $83.91 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.