Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Significant Increase in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,798 shares, an increase of 730.3% from the April 15th total of 337 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,591 shares, the short-interest ratio is presently 0.4 days.

Cabana Target Drawdown 10 ETF Price Performance

TDSC traded up $0.04 during mid-day trading on Wednesday, hitting $27.60. The stock had a trading volume of 22,318 shares, compared to its average volume of 14,195. The stock’s fifty day simple moving average is $26.55 and its 200-day simple moving average is $26.03. The firm has a market capitalization of $104.05 million, a price-to-earnings ratio of 26.80 and a beta of 0.46. Cabana Target Drawdown 10 ETF has a 1-year low of $23.61 and a 1-year high of $27.67.

Cabana Target Drawdown 10 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 0.8%. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 54.37%.

About Cabana Target Drawdown 10 ETF

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.