For t
For traders in search of momentum, Cambria Tail Danger ETF TAIL might be an appropriate choose. The fund simply hit a 52-week excessive — up roughly 22.8% from its 52-week low of $19.22/share.
Let’s check out the fund and its near-term outlook to achieve an perception into the place it is perhaps headed:
TAIL in Focus
The fund seeks to mitigate important draw back market threat. The fund intends to put money into a portfolio of “out of the cash” put choices bought on the U.S. inventory market. It prices 59 bps in charges and has an AUM of $87.1 million.
Why the Transfer?
The considerations over slowing international financial progress as a result of coronavirus outbreak have began escalating. On Mar 9, shares plunged and buying and selling was halted for the primary time in 23 years. Occurring, the Dow Jones Industrial Common declined 7.8%. In the meantime, the S&P 500 fell 7.6%, marking its worst day since 2008. In consequence, the demand for funds like TAIL is rising.
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