Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Large Increase in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 13,170 shares, a growth of 1,320.7% from the February 12th total of 927 shares. Based on an average daily trading volume, of 13,280 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,280 shares, the days-to-cover ratio is presently 1.0 days.

Cabana Target Drawdown 7 ETF Stock Performance

Shares of TDSB stock remained flat at $25.09 during midday trading on Tuesday. 10,008 shares of the stock were exchanged, compared to its average volume of 12,139. The business’s fifty day moving average price is $24.61 and its 200 day moving average price is $24.00. The stock has a market cap of $56.45 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 52 week low of $20.83 and a 52 week high of $25.30.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were paid a $0.1287 dividend. This represents a $0.51 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.