Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Significant Increase in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 1,540 shares, an increase of 43.0% from the February 26th total of 1,077 shares. Based on an average daily volume of 15,905 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Cabana Target Drawdown 10 ETF Stock Performance

Shares of NASDAQ TDSC traded down $0.07 during midday trading on Monday, reaching $25.56. The stock had a trading volume of 12,411 shares, compared to its average volume of 17,235. The company’s 50 day moving average price is $26.39 and its 200 day moving average price is $25.68. Cabana Target Drawdown 10 ETF has a twelve month low of $21.79 and a twelve month high of $27.08. The firm has a market cap of $113.49 million, a price-to-earnings ratio of 24.82 and a beta of 0.44.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 27th will be issued a $0.055 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.22 annualized dividend and a yield of 0.9%. Cabana Target Drawdown 10 ETF’s payout ratio 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.