Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Significant Growth in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 385 shares, a growth of 626.4% from the November 30th total of 53 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 8,584 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 8,584 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Cabana Target Drawdown 7 ETF Stock Performance

Shares of NASDAQ TDSB opened at $24.24 on Thursday. The stock has a fifty day moving average price of $23.97 and a two-hundred day moving average price of $23.17. Cabana Target Drawdown 7 ETF has a 1 year low of $20.83 and a 1 year high of $24.25. The firm has a market cap of $62.54 million, a P/E ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 29th were given a dividend of $0.1312 per share. This is a positive change from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Monday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 2.2%.

Institutional Trading of Cabana Target Drawdown 7 ETF

A hedge fund recently raised its stake in Cabana Target Drawdown 7 ETF stock. AdvisorNet Financial Inc increased its position in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) by 583.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,892 shares of the company’s stock after purchasing an additional 1,615 shares during the period. AdvisorNet Financial Inc owned about 0.06% of Cabana Target Drawdown 7 ETF worth $42,000 at the end of the most recent reporting period.

About Cabana Target Drawdown 7 ETF

The Cabana Target Drawdown 7 ETF (TDSB) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds which aims to provide long-term growth that adjusts an asset allocation to pursue a targeted risk parameter of 7% from peak to trough. TDSB was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.