Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Large Decline in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 18,368 shares, a drop of 73.1% from the July 15th total of 68,168 shares. Based on an average trading volume of 3,602 shares, the days-to-cover ratio is presently 5.1 days. Currently, 0.9% of the shares of the stock are sold short.

Cabana Target Drawdown 7 ETF Stock Performance

Cabana Target Drawdown 7 ETF stock traded down $0.02 during midday trading on Friday, reaching $24.90. 5,197 shares of the stock were exchanged, compared to its average volume of 7,314. Cabana Target Drawdown 7 ETF has a 52 week low of $22.56 and a 52 week high of $25.30. The firm has a market cap of $49.80 million, a PE ratio of 20.85 and a beta of 0.34. The company’s fifty day moving average is $24.60 and its 200-day moving average is $24.69.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were issued a $0.126 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.50 annualized dividend and a dividend yield of 2.0%.

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.