Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Down 66.5% in May

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 936 shares, a decline of 66.5% from the April 30th total of 2,798 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 6,397 shares, the days-to-cover ratio is currently 0.1 days.

Cabana Target Drawdown 10 ETF Price Performance

Shares of NASDAQ:TDSC traded up $0.06 during mid-day trading on Friday, reaching $28.00. 5,132 shares of the company traded hands, compared to its average volume of 13,404. The company’s 50 day moving average price is $26.83 and its 200-day moving average price is $26.24. The firm has a market cap of $105.56 million, a PE ratio of 27.18 and a beta of 0.46. Cabana Target Drawdown 10 ETF has a 52 week low of $23.75 and a 52 week high of $28.01.

Cabana Target Drawdown 10 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.22 dividend on an annualized basis and a yield of 0.8%. Cabana Target Drawdown 10 ETF’s 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.