Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Update

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 3,859 shares, a decline of 88.6% from the July 30th total of 33,723 shares. Based on an average daily trading volume, of 6,820 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold.

Cabana Target Drawdown 10 ETF Stock Up 0.1%

TDSC traded up $0.04 during midday trading on Tuesday, hitting $28.71. 9,405 shares of the company were exchanged, compared to its average volume of 12,107. The firm has a market capitalization of $105.37 million, a P/E ratio of 27.87 and a beta of 0.46. The firm’s 50 day moving average price is $27.90 and its 200-day moving average price is $27.23. Cabana Target Drawdown 10 ETF has a 1-year low of $24.50 and a 1-year high of $28.89.

Cabana Target Drawdown 10 ETF Increases Dividend

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