Short Interest in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Decreases By 68.9%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 303 shares, a decrease of 68.9% from the May 14th total of 974 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 3,471 shares, the short-interest ratio is currently 0.1 days.

Cabana Target Drawdown 7 ETF Stock Performance

Shares of NASDAQ TDSB traded up $0.07 during midday trading on Thursday, reaching $24.48. 996 shares of the company’s stock were exchanged, compared to its average volume of 7,530. The stock has a market capitalization of $48.96 million, a PE ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 52-week low of $21.70 and a 52-week high of $25.30. The business’s fifty day moving average price is $24.75 and its two-hundred day moving average price is $24.54.

Cabana Target Drawdown 7 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were paid a dividend of $0.1738 per share. This represents a $0.70 annualized dividend and a yield of 2.8%. This is a boost from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, March 27th.

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.