Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Significant Decrease in Short Interest

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

Institutional Trading of Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new position in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC bought a new position in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 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 reporting period.

Cabana Target Drawdown 7 ETF Stock Performance

Shares of TDSB stock opened at $24.41 on Thursday. The stock’s 50-day simple moving average is $24.78 and its 200-day simple moving average is $24.70. The firm has a market capitalization of $47.60 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a fifty-two week low of $23.28 and a fifty-two week high of $25.30.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were paid a dividend of $0.0435 per share. The ex-dividend date was Monday, September 28th. This is a decrease from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260. This represents a $0.17 annualized dividend and a dividend yield of 0.7%.

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.