Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Update

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,517 shares, a drop of 52.7% from the December 15th total of 5,317 shares. Based on an average trading volume of 18,347 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 18,347 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cabana Target Drawdown 10 ETF stock. AdvisorNet Financial Inc raised its holdings in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) by 260.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,969 shares of the company’s stock after acquiring an additional 1,422 shares during the period. AdvisorNet Financial Inc’s holdings in Cabana Target Drawdown 10 ETF were worth $48,000 as of its most recent SEC filing. 31.57% of the stock is owned by institutional investors.

Cabana Target Drawdown 10 ETF Stock Down 0.2%

Shares of TDSC stock traded down $0.04 during mid-day trading on Friday, reaching $25.85. The company’s stock had a trading volume of 16,049 shares, compared to its average volume of 12,468. The company’s 50 day simple moving average is $25.42 and its 200-day simple moving average is $25.02. Cabana Target Drawdown 10 ETF has a 12-month low of $21.79 and a 12-month high of $25.99. The firm has a market capitalization of $118.65 million, a PE ratio of 25.10 and a beta of 0.44.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were issued a $0.1326 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, December 30th. Cabana Target Drawdown 10 ETF’s payout ratio is 70.87%.

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.