Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Stock Falls 3.1% – Here’s Why

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC)’s stock price dropped 3.1% during mid-day trading on Thursday. The company traded as low as $27.61 and last traded at $27.61. Approximately 8,797 shares traded hands during trading, a decline of 15% from the average daily volume of 10,317 shares. The stock had previously closed at $28.49.

Cabana Target Drawdown 10 ETF Price Performance

The company has a market cap of $100.76 million, a price-to-earnings ratio of 26.87 and a beta of 0.44. The firm has a 50-day moving average price of $28.46 and a 200 day moving average price of $27.52.

Cabana Target Drawdown 10 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.1065 dividend. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.0797. The ex-dividend date was Monday, September 28th. This represents a $0.43 annualized dividend and a yield of 1.5%. Cabana Target Drawdown 10 ETF’s dividend payout ratio is presently 35.92%.

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.