Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Significant Drop in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 936 shares, a decrease of 66.5% from the April 30th total of 2,798 shares. Based on an average trading volume of 6,397 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Cabana Target Drawdown 10 ETF Stock Up 0.2%

Shares of Cabana Target Drawdown 10 ETF stock traded up $0.06 during mid-day trading on Friday, reaching $28.00. 5,132 shares of the stock traded hands, compared to its average volume of 13,404. The business has a 50-day moving average of $26.83 and a 200 day moving average of $26.24. Cabana Target Drawdown 10 ETF has a fifty-two week low of $23.75 and a fifty-two week high of $28.01. The stock has a market capitalization of $105.56 million, a PE ratio of 27.18 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were issued a dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.8%. Cabana Target Drawdown 10 ETF’s dividend payout ratio is presently 54.37%.

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.