Cambria Tail Risk ETF (BATS:TAIL) Short Interest Up 103.9% in May

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 179,138 shares, an increase of 103.9% from the April 30th total of 87,838 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 279,698 shares, the days-to-cover ratio is presently 0.6 days.

Cambria Tail Risk ETF Price Performance

Cambria Tail Risk ETF stock opened at $10.71 on Monday. The business has a 50-day simple moving average of $11.16 and a two-hundred day simple moving average of $11.47. The company has a market cap of $88.89 million, a P/E ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 52-week low of $10.66 and a 52-week high of $12.29.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TAIL. Global Retirement Partners LLC lifted its position in shares of Cambria Tail Risk ETF by 224.4% during the 4th quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock valued at $53,000 after buying an additional 3,196 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Cambria Tail Risk ETF by 864.1% during the 2nd quarter. Osaic Holdings Inc. now owns 7,173 shares of the company’s stock valued at $86,000 after buying an additional 6,429 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Cambria Tail Risk ETF during the 4th quarter valued at about $115,000. Principal Securities Inc. lifted its position in shares of Cambria Tail Risk ETF by 202.4% during the 4th quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock valued at $116,000 after buying an additional 6,759 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new position in shares of Cambria Tail Risk ETF during the 1st quarter valued at about $122,000.

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.