Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Significant Drop in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 251 shares, a drop of 43.6% from the June 15th total of 445 shares. Based on an average trading volume of 3,448 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Cabana Target Drawdown 7 ETF Stock Performance

NASDAQ TDSB traded down $0.05 on Thursday, reaching $24.50. The company had a trading volume of 5,930 shares, compared to its average volume of 7,932. The firm has a market capitalization of $47.77 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 1-year low of $21.70 and a 1-year high of $25.30. The company’s fifty day moving average is $24.72 and its 200-day moving average is $24.64.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were issued a $0.126 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 26th.

Cabana Target Drawdown 7 ETF Company Profile

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.