Cambria Tail Risk ETF (BATS:TAIL) Stock Short Interest Report for October

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 180,380 shares, a decline of 37.1% from the September 30th total of 286,889 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average trading volume of 150,360 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Investors Weigh In On Cambria Tail Risk ETF

Hedge funds have recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC bought a new position in Cambria Tail Risk ETF in the 1st quarter valued at approximately $8,323,000. Mather Group LLC. bought a new stake in shares of Cambria Tail Risk ETF in the 3rd quarter worth $1,542,000. Ascentis Independent Advisors purchased a new position in shares of Cambria Tail Risk ETF in the first quarter worth $960,000. Citizens Financial Group Inc. RI purchased a new position in shares of Cambria Tail Risk ETF in the third quarter worth $383,000. Finally, Fermata Advisors LLC purchased a new position in shares of Cambria Tail Risk ETF in the second quarter worth $396,000.

Cambria Tail Risk ETF Price Performance

TAIL opened at $10.13 on Monday. The stock’s 50 day simple moving average is $10.00 and its 200 day simple moving average is $10.80. Cambria Tail Risk ETF has a 1 year low of $9.70 and a 1 year high of $12.19. The firm has a market cap of $84.08 million, a price-to-earnings ratio of 23.34 and a beta of -0.31.

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. This represents a $0.34 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, September 18th. This is a positive change from Cambria Tail Risk ETF’s previous quarterly dividend of $0.0477.

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.