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

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 466 shares, a decline of 50.2% from the May 14th total of 936 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,075 shares, the days-to-cover ratio is presently 0.1 days.

Cabana Target Drawdown 10 ETF Stock Performance

NASDAQ TDSC opened at $27.75 on Friday. Cabana Target Drawdown 10 ETF has a twelve month low of $23.86 and a twelve month high of $28.20. The stock has a market cap of $104.62 million, a PE ratio of 26.94 and a beta of 0.46. The firm has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $26.42.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company 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 was Friday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend 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.