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

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,859 shares, a decrease of 88.6% from the July 30th total of 33,723 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,820 shares, the short-interest ratio is presently 0.6 days.

Cabana Target Drawdown 10 ETF Price Performance

TDSC stock traded up $0.09 during trading hours on Thursday, reaching $28.75. 3,634 shares of the stock were exchanged, compared to its average volume of 12,008. The firm’s 50-day moving average is $27.97 and its 200-day moving average is $27.29. Cabana Target Drawdown 10 ETF has a 12 month low of $24.50 and a 12 month high of $28.89. The company has a market cap of $105.51 million, a price-to-earnings ratio of 27.91 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were given a dividend of $0.0797 per share. This is an increase from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. Cabana Target Drawdown 10 ETF’s payout ratio is currently 42.72%.

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.