Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Stock Short Interest Declines 45.8%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB – Get Free Report) saw a large decrease in short interest in September. As of September 15th, there was short interest totaling 1,034 shares, a decrease of 45.8% from the August 31st total of 1,909 shares. Based on an average trading volume of 4,971 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Cabana Target Drawdown 7 ETF

A hedge fund recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC bought a new position in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned approximately 0.30% of Cabana Target Drawdown 7 ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Cabana Target Drawdown 7 ETF Stock Up 0.2%

Shares of NASDAQ TDSB traded up $0.05 during midday trading on Wednesday, reaching $24.52. 404 shares of the company’s stock traded hands, compared to its average volume of 6,802. The company has a market cap of $49.04 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a one year low of $23.28 and a one year high of $25.30. The stock’s 50 day simple moving average is $24.79 and its 200-day simple moving average is $24.70.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th will be issued a $0.0435 dividend. The ex-dividend date is Monday, September 28th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.7%. This is a drop from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260.

About Cabana Target Drawdown 7 ETF

(Get Free Report)

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.

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