Cambria Tail Risk ETF (BATS:TAIL) Short Interest Down 73.5% in June

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 101,754 shares, a drop of 73.5% from the June 15th total of 384,378 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 186,137 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On Cambria Tail Risk ETF

Hedge funds have recently made changes to their positions in the stock. Global Retirement Partners LLC lifted its stake in shares of Cambria Tail Risk ETF by 224.4% in the fourth quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock worth $53,000 after acquiring an additional 3,196 shares during the period. Osaic Holdings Inc. increased its position in 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 purchasing an additional 6,429 shares during the period. Bank of Montreal Can bought a new position in Cambria Tail Risk ETF during the 4th quarter worth approximately $115,000. Principal Securities Inc. raised its holdings in Cambria Tail Risk ETF by 202.4% during the 4th quarter. Principal Securities Inc. now owns 10,099 shares of the company’s stock worth $116,000 after purchasing an additional 6,759 shares during the last quarter. Finally, Simplicity Wealth LLC acquired a new position in shares of Cambria Tail Risk ETF in the 1st quarter worth approximately $122,000.

Cambria Tail Risk ETF Stock Performance

Shares of TAIL opened at $10.54 on Friday. The company has a market capitalization of $87.48 million, a PE ratio of 23.34 and a beta of -0.31. Cambria Tail Risk ETF has a 12 month low of $10.42 and a 12 month high of $12.19. The stock’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $11.23.

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.