Cambria Tail Risk ETF (TAIL)

Cambria Tail Risk ETF (TAIL) is an exchange-traded fund in the Trading Inverse Equity category. It has $146.88M in assets, an expense ratio of 0.59% and a 2.93% dividend yield. The fund is actively managed and seeks to achieve its investment objective by investing in cash and U.S. government bonds, and utilizing a put option strategy to manage the risk of a significant negative movement in the value of domestic equities. The adviser intends to spend approximately one percent of the fund's total assets per month to purchase put options.