Short Interest in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Rises By 103.4%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 1,188 shares, an increase of 103.4% from the April 15th total of 584 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 4,031 shares, the days-to-cover ratio is presently 0.3 days.

Cabana Target Drawdown 7 ETF Trading Down 1.1%

Shares of NASDAQ:TDSB opened at $24.73 on Friday. Cabana Target Drawdown 7 ETF has a 12-month low of $21.70 and a 12-month high of $25.30. The business has a 50-day moving average price of $24.68 and a 200 day moving average price of $24.42. The company 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a $0.1738 dividend. This is a positive change from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, March 27th. This represents a $0.70 annualized dividend and a yield of 2.8%.

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.