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

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 1,909 shares, a decline of 89.1% from the August 15th total of 17,570 shares. Based on an average trading volume of 2,674 shares, the short-interest ratio is presently 0.7 days. Approximately 0.1% of the shares of the stock are short sold.

Cabana Target Drawdown 7 ETF Trading Down 0.0%

Shares of TDSB stock opened at $24.73 on Friday. The firm’s 50 day moving average is $24.75 and its 200-day moving average is $24.74. Cabana Target Drawdown 7 ETF has a 1 year low of $23.10 and a 1 year high of $25.30. The firm has a market capitalization of $49.46 million, a price-to-earnings ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were issued a $0.126 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, June 26th.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC bought a new position in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned 0.30% of Cabana Target Drawdown 7 ETF as of its most recent filing with the SEC.

About Cabana Target Drawdown 7 ETF

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.