Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Significant Drop in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the recipient of a significant decline in short interest in June. As of June 30th, there was short interest totaling 251 shares, a decline of 43.6% from the June 15th total of 445 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 3,448 shares, the short-interest ratio is currently 0.1 days.

Cabana Target Drawdown 7 ETF Stock Performance

NASDAQ:TDSB traded down $0.05 on Thursday, reaching $24.50. The company’s stock had a trading volume of 5,930 shares, compared to its average volume of 7,932. Cabana Target Drawdown 7 ETF has a 1-year low of $21.70 and a 1-year high of $25.30. The business’s 50-day moving average price is $24.72 and its two-hundred day moving average price is $24.64. The firm has a market cap of $47.77 million, a PE ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were paid a dividend of $0.126 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 26th.

Cabana Target Drawdown 7 ETF Company Profile

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.