Cambria Tail Risk ETF (BATS:TAIL) Short Interest Down 96.3% in July

Cambria Tail Risk ETF (BATS:TAIL) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 15,489 shares, a decline of 96.3% from the July 15th total of 424,145 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 111,716 shares, the days-to-cover ratio is currently 0.1 days.

Cambria Tail Risk ETF Stock Performance

TAIL stock traded up $0.02 on Tuesday, reaching $10.35. The company had a trading volume of 44,181 shares, compared to its average volume of 385,845. Cambria Tail Risk ETF has a 1 year low of $10.32 and a 1 year high of $12.19. The company has a market cap of $85.91 million, a P/E ratio of 23.34 and a beta of -0.31. The company’s fifty day moving average is $10.61 and its 200 day moving average is $11.09.

Hedge Funds Weigh In On Cambria Tail Risk ETF

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its holdings 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 worth $53,000 after acquiring an additional 3,196 shares during the period. Osaic Holdings Inc. grew its holdings in Cambria Tail Risk ETF by 864.1% in the second 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 acquired a new position in Cambria Tail Risk ETF during the fourth quarter worth approximately $115,000. Principal Securities Inc. increased its position in Cambria Tail Risk ETF by 202.4% during the fourth 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 purchased a new position in Cambria Tail Risk ETF during the first quarter worth approximately $122,000.

About Cambria Tail Risk ETF

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.