Short Interest in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Grows By 11,094.9%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 44,220 shares, a growth of 11,094.9% from the June 30th total of 395 shares. Based on an average daily volume of 29,772 shares, the short-interest ratio is currently 1.5 days. Approximately 1.2% of the company’s stock are short sold.

Cabana Target Drawdown 10 ETF Price Performance

NASDAQ:TDSC traded up $0.11 during mid-day trading on Friday, reaching $27.83. The stock had a trading volume of 864 shares, compared to its average volume of 13,200. The business’s 50 day moving average is $27.70 and its 200 day moving average is $26.89. Cabana Target Drawdown 10 ETF has a fifty-two week low of $23.98 and a fifty-two week high of $28.20. The stock has a market cap of $102.14 million, a P/E ratio of 27.02 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were paid a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 26th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is presently 42.72%.

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.