Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Stock Short Interest Rises 82.0%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 455 shares, an increase of 82.0% from the September 30th total of 250 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 2,841 shares, the days-to-cover ratio is presently 0.2 days.

Cabana Target Drawdown 7 ETF Stock Down 0.7%

Shares of NASDAQ TDSB traded down $0.17 during midday trading on Friday, hitting $24.75. 427 shares of the company’s stock were exchanged, compared to its average volume of 6,339. The firm has a market capitalization of $48.26 million, a PE ratio of 20.85 and a beta of 0.33. Cabana Target Drawdown 7 ETF has a 12 month low of $23.67 and a 12 month high of $25.30. The company’s 50 day moving average price is $24.79 and its 200 day moving average price is $24.71.

Cabana Target Drawdown 7 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a dividend of $0.0435 per share. This is a negative change from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260. This represents a $0.17 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 28th.

Institutional Investors Weigh In On Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new position in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC bought a new stake in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned about 0.30% of Cabana Target Drawdown 7 ETF as of its most recent SEC filing.

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.