Cambria Global Tail Risk ETF (BATS:FAIL) Shares Up 0.2% – Still a Buy?

Cambria Global Tail Risk ETF (BATS:FAIL) shares traded up 0.2% on Friday . The stock traded as high as $16.40 and last traded at $16.40. 89 shares traded hands during mid-day trading, The stock had previously closed at $16.37.

Cambria Global Tail Risk ETF Price Performance

The business’s 50-day moving average price is $16.73 and its two-hundred day moving average price is $16.65. The company has a market capitalization of $2.46 million, a P/E ratio of 12.42 and a beta of -0.29.

Hedge Funds Weigh In On Cambria Global Tail Risk ETF

A hedge fund recently raised its stake in Cambria Global Tail Risk ETF stock. Jane Street Group LLC raised its stake in Cambria Global Tail Risk ETF (BATS:FAIL) by 159.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,908 shares of the company’s stock after purchasing an additional 33,150 shares during the period. Jane Street Group LLC owned 35.94% of Cambria Global Tail Risk ETF worth $910,000 as of its most recent SEC filing.

About Cambria Global Tail Risk ETF

The Cambria Global Tail Risk ETF (FAIL) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund aims to provide a defensive approach to global ex-US equities by actively managing put options with similar exposure and managing the collateral of the fund consisting mostly of cash and government bonds.