Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Large Drop in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 204 shares, a decline of 96.7% from the January 29th total of 6,091 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 31,447 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 31,447 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Cabana Target Drawdown 10 ETF Stock Performance

NASDAQ TDSC traded up $0.11 on Wednesday, reaching $26.94. The company’s stock had a trading volume of 3,727 shares, compared to its average volume of 21,571. The firm’s 50 day moving average is $26.05 and its two-hundred day moving average is $25.43. The stock has a market cap of $119.61 million, a PE ratio of 26.16 and a beta of 0.44. Cabana Target Drawdown 10 ETF has a twelve month low of $21.79 and a twelve month high of $26.98.

Cabana Target Drawdown 10 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.1326 per share. This represents a $0.53 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, December 30th. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is presently 70.87%.

About Cabana Target Drawdown 10 ETF

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.