Short Interest in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Declines By 50.2%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 466 shares, a drop of 50.2% from the May 14th total of 936 shares. Based on an average daily trading volume, of 7,075 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Cabana Target Drawdown 10 ETF Stock Up 0.4%

NASDAQ:TDSC traded up $0.12 on Friday, hitting $27.75. The stock had a trading volume of 2,918 shares, compared to its average volume of 12,911. The stock has a market cap of $104.62 million, a price-to-earnings ratio of 26.94 and a beta of 0.46. The business’s 50-day simple moving average is $27.22 and its two-hundred day simple moving average is $26.42. Cabana Target Drawdown 10 ETF has a 52-week low of $23.86 and a 52-week high of $28.20.

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 given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 27th. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is presently 54.37%.

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.