Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Up 730.3% in April

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,798 shares, a growth of 730.3% from the April 15th total of 337 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,591 shares, the short-interest ratio is presently 0.4 days.

Cabana Target Drawdown 10 ETF Price Performance

NASDAQ:TDSC traded down $0.12 during mid-day trading on Tuesday, reaching $27.44. The stock had a trading volume of 560 shares, compared to its average volume of 14,011. The company has a market capitalization of $103.45 million, a price-to-earnings ratio of 26.64 and a beta of 0.46. Cabana Target Drawdown 10 ETF has a 1-year low of $23.61 and a 1-year high of $27.56. The stock’s 50 day simple moving average is $26.53 and its two-hundred day simple moving average is $25.99.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, March 27th. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is 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.