Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Short Interest Up 103.4% in April

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,188 shares, an increase of 103.4% from the April 15th total of 584 shares. Based on an average daily volume of 4,031 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Cabana Target Drawdown 7 ETF Stock Down 1.1%

Shares of NASDAQ:TDSB traded down $0.27 during trading on Friday, reaching $24.73. The stock had a trading volume of 788 shares, compared to its average volume of 8,324. Cabana Target Drawdown 7 ETF has a 52 week low of $21.70 and a 52 week high of $25.30. The firm has a market capitalization of $49.46 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. The stock has a fifty day simple moving average of $24.68 and a two-hundred day simple moving average of $24.42.

Cabana Target Drawdown 7 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were given a $0.1738 dividend. This is a positive change from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, March 27th.

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.