Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Stock Short Interest Drops 69.9%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 137 shares, a decrease of 69.9% from the October 15th total of 455 shares. Based on an average daily volume of 1,215 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of Cabana Target Drawdown 7 ETF

A hedge fund recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC acquired a new position in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned about 0.30% of Cabana Target Drawdown 7 ETF at the end of the most recent quarter.

Cabana Target Drawdown 7 ETF Price Performance

Shares of TDSB remained flat at $24.62 during trading hours on Friday. 1,576 shares of the stock traded hands, compared to its average volume of 6,178. The stock has a market capitalization of $48.01 million, a PE ratio of 20.85 and a beta of 0.32. The company’s 50 day moving average price is $24.73 and its two-hundred day moving average price is $24.73. Cabana Target Drawdown 7 ETF has a fifty-two week low of $23.75 and a fifty-two week high of $25.30.

Cabana Target Drawdown 7 ETF Cuts Dividend

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

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.