Short Interest in Cambria Tail Risk ETF (BATS:TAIL) Decreases By 56.2%

Cambria Tail Risk ETF (BATS:TAIL) saw a significant decrease in short interest in the month of 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. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 182,606 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Continuum Wealth Advisors LLC bought a new position in Cambria Tail Risk ETF during the first quarter valued at approximately $310,000. Beaumont Financial Advisors LLC bought a new position in Cambria Tail Risk ETF during the first quarter valued at approximately $8,323,000. Simplicity Wealth LLC bought a new position in Cambria Tail Risk ETF during the first quarter valued at approximately $122,000. Ascentis Independent Advisors purchased a new stake in Cambria Tail Risk ETF during the first quarter valued at approximately $960,000. Finally, Ferguson Shapiro LLC purchased a new stake in Cambria Tail Risk ETF during the first quarter valued at approximately $1,810,000.

Cambria Tail Risk ETF Price Performance

Shares of Cambria Tail Risk ETF stock opened at $10.82 on Friday. The company has a market cap of $89.81 million, a price-to-earnings ratio of 23.34 and a beta of -0.31. The company’s 50 day moving average is $10.98 and its 200 day moving average is $11.39. Cambria Tail Risk ETF has a twelve month low of $10.66 and a twelve month high of $12.29.

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.