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

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 15th, there was short interest totaling 385 shares, a growth of 626.4% from the November 30th total of 53 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 8,584 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 8,584 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds 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 lifted its stake in shares of Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) by 583.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,892 shares of the company’s stock after purchasing an additional 1,615 shares during the period. AdvisorNet Financial Inc owned about 0.06% of Cabana Target Drawdown 7 ETF worth $42,000 as of its most recent filing with the Securities & Exchange Commission.

Cabana Target Drawdown 7 ETF Stock Performance

Shares of TDSB traded up $0.05 during trading hours on Wednesday, hitting $24.24. The stock had a trading volume of 6,980 shares, compared to its average volume of 11,482. The firm has a 50-day moving average price of $23.97 and a 200 day moving average price of $23.17. Cabana Target Drawdown 7 ETF has a fifty-two week low of $20.83 and a fifty-two week high of $24.25. The firm has a market capitalization of $62.54 million, a price-to-earnings ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were issued a $0.1312 dividend. This represents a $0.52 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Monday, September 29th. This is a boost from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.10.

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.