Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Up 11,094.9% in July

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 44,220 shares, a growth of 11,094.9% from the June 30th total of 395 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 29,772 shares, the days-to-cover ratio is currently 1.5 days.

Cabana Target Drawdown 10 ETF Stock Up 0.4%

TDSC stock opened at $27.83 on Friday. Cabana Target Drawdown 10 ETF has a twelve month low of $23.98 and a twelve month high of $28.20. The firm has a market cap of $102.14 million, a price-to-earnings ratio of 27.02 and a beta of 0.46. The business’s fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $26.89.

Cabana Target Drawdown 10 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were paid a $0.0797 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.32 annualized dividend and a yield of 1.1%. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. Cabana Target Drawdown 10 ETF’s payout ratio is 42.72%.

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.