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

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 397 shares, a decrease of 84.2% from the December 31st total of 2,517 shares. Based on an average daily trading volume, of 12,157 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 12,157 shares, the days-to-cover ratio is presently 0.0 days.

Cabana Target Drawdown 10 ETF Stock Performance

Shares of NASDAQ:TDSC traded up $0.14 during midday trading on Tuesday, hitting $26.42. The company’s stock had a trading volume of 4,036 shares, compared to its average volume of 13,179. The business’s 50 day simple moving average is $25.55 and its 200 day simple moving average is $25.12. The company has a market cap of $118.63 million, a P/E ratio of 25.65 and a beta of 0.44. Cabana Target Drawdown 10 ETF has a 12-month low of $21.79 and a 12-month high of $26.42.

Cabana Target Drawdown 10 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.1326 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, December 30th. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is 70.87%.

Cabana Target Drawdown 10 ETF Company Profile

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.