Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Shares Shorted: Short Interest Down 45.8% in September

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,034 shares, a decrease of 45.8% from the August 31st total of 1,909 shares. Based on an average trading volume of 4,971 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new position in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC bought a new position in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned 0.30% of Cabana Target Drawdown 7 ETF as of its most recent SEC filing.

Cabana Target Drawdown 7 ETF Trading Up 0.2%

Shares of TDSB traded up $0.05 during midday trading on Wednesday, hitting $24.52. 404 shares of the company’s stock traded hands, compared to its average volume of 6,802. The stock has a market capitalization of $49.04 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 $23.28 and a 1 year high of $25.30. The firm’s fifty day moving average is $24.79 and its 200-day moving average is $24.70.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th will be issued a $0.0435 dividend. This is a decrease from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, September 28th.

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.