Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Short Interest Update

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 1,570 shares, a growth of 307.8% from the December 15th total of 385 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 14,089 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 14,089 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On Cabana Target Drawdown 7 ETF

An institutional investor recently raised its position in Cabana Target Drawdown 7 ETF stock. AdvisorNet Financial Inc boosted its stake in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) by 583.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,892 shares of the company’s stock after acquiring an additional 1,615 shares during the period. AdvisorNet Financial Inc owned 0.06% of Cabana Target Drawdown 7 ETF worth $42,000 at the end of the most recent reporting period.

Cabana Target Drawdown 7 ETF Stock Performance

Shares of Cabana Target Drawdown 7 ETF stock opened at $24.28 on Tuesday. The firm has a 50-day moving average of $24.03 and a 200-day moving average of $23.34. Cabana Target Drawdown 7 ETF has a 52-week low of $20.83 and a 52-week high of $24.30. The stock has a market cap of $57.79 million, a PE ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a dividend of $0.1287 per share. This represents a $0.51 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, December 30th.

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.