Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Large Decrease in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 987 shares, a decline of 40.8% from the September 15th total of 1,666 shares. Based on an average trading volume of 7,311 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Cabana Target Drawdown 10 ETF Trading Down 0.5%

Shares of Cabana Target Drawdown 10 ETF stock opened at $28.54 on Thursday. The firm’s 50 day simple moving average is $28.49 and its two-hundred day simple moving average is $27.75. Cabana Target Drawdown 10 ETF has a 12-month low of $24.63 and a 12-month high of $28.89. The firm has a market capitalization of $103.90 million, a price-to-earnings ratio of 27.71 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a $0.1065 dividend. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.0797. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, September 28th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 35.92%.

Cabana Target Drawdown 10 ETF Company Profile

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.