Short Interest in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Rises By 730.3%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 2,798 shares, a growth of 730.3% from the April 15th total of 337 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,591 shares, the short-interest ratio is currently 0.4 days.

Cabana Target Drawdown 10 ETF Stock Performance

Shares of TDSC stock opened at $27.60 on Thursday. Cabana Target Drawdown 10 ETF has a fifty-two week low of $23.61 and a fifty-two week high of $27.67. The stock has a 50 day moving average price of $26.55 and a two-hundred day moving average price of $26.03. The company has a market capitalization of $104.05 million, a P/E ratio of 26.80 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 0.8%. Cabana Target Drawdown 10 ETF’s payout ratio is presently 54.37%.

Cabana Target Drawdown 10 ETF Company Profile

The Cabana Target Drawdown 10 ETF (TDSC) 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 10% from peak to trough. TDSC was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.