Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Short Interest Update

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 68,168 shares, an increase of 27,058.6% from the June 30th total of 251 shares. Based on an average trading volume of 18,487 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.4% of the company’s shares are short sold.

Cabana Target Drawdown 7 ETF Stock Up 0.1%

Shares of TDSB traded up $0.02 during mid-day trading on Friday, hitting $24.57. The company had a trading volume of 898 shares, compared to its average volume of 7,771. Cabana Target Drawdown 7 ETF has a 1-year low of $22.38 and a 1-year high of $25.30. The business’s 50-day simple moving average is $24.67 and its 200-day simple moving average is $24.66. The stock has a market cap of $49.14 million, a PE ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were issued a $0.126 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Friday, June 26th.

Cabana Target Drawdown 7 ETF Company Profile

The Cabana Target Drawdown 7 ETF (TDSB) 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 7% from peak to trough. TDSB was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.