Cambria Tail Risk ETF (BATS:TAIL) Short Interest Up 1,900.4% in April

Cambria Tail Risk ETF (BATS:TAIL) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 87,838 shares, a growth of 1,900.4% from the April 15th total of 4,391 shares. Approximately 1.1% of the shares of the stock are sold short. Based on an average trading volume of 357,491 shares, the days-to-cover ratio is presently 0.2 days.

Cambria Tail Risk ETF Trading Down 0.4%

Shares of TAIL stock traded down $0.04 on Monday, reaching $10.88. The company’s stock had a trading volume of 255,740 shares, compared to its average volume of 528,486. The stock’s fifty day simple moving average is $11.46 and its 200-day simple moving average is $11.59. Cambria Tail Risk ETF has a 1 year low of $10.87 and a 1 year high of $12.35. The company has a market capitalization of $90.30 million, a price-to-earnings ratio of 23.34 and a beta of -0.31.

Hedge Funds Weigh In On Cambria Tail Risk ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Philip James Wealth Mangement LLC purchased a new stake in shares of Cambria Tail Risk ETF during the 3rd quarter valued at about $1,922,000. Global Retirement Partners LLC lifted its holdings in shares of Cambria Tail Risk ETF by 224.4% in the 4th quarter. Global Retirement Partners LLC now owns 4,620 shares of the company’s stock valued at $53,000 after acquiring an additional 3,196 shares during the last quarter. Continuum Wealth Advisors LLC purchased a new position in Cambria Tail Risk ETF in the first quarter worth about $310,000. Beaumont Financial Advisors LLC bought a new stake in Cambria Tail Risk ETF during the first quarter worth approximately $8,323,000. Finally, Simplicity Wealth LLC bought a new stake in Cambria Tail Risk ETF during the first quarter worth approximately $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.