Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Stock Price Up 0.1% – Here’s Why

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC)’s stock price was up 0.1% during mid-day trading on Friday . The stock traded as high as $28.71 and last traded at $28.70. 7,674 shares traded hands during trading, a decline of 39% from the average daily volume of 12,504 shares. The stock had previously closed at $28.68.

Cabana Target Drawdown 10 ETF Stock Up 0.1%

The firm has a market cap of $105.33 million, a price-to-earnings ratio of 27.86 and a beta of 0.46. The company has a 50-day moving average price of $27.78 and a 200 day moving average price of $27.13.

Cabana Target Drawdown 10 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were issued a $0.0797 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. Cabana Target Drawdown 10 ETF’s dividend 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.