Short Interest in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Increases By 1,434.3%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 6,091 shares, an increase of 1,434.3% from the January 15th total of 397 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 12,377 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily trading volume, of 12,377 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

Cabana Target Drawdown 10 ETF Stock Up 0.8%

Shares of TDSC opened at $26.69 on Thursday. The company has a market capitalization of $118.50 million, a price-to-earnings ratio of 25.91 and a beta of 0.44. Cabana Target Drawdown 10 ETF has a 52 week low of $21.79 and a 52 week high of $26.69. The stock’s 50-day moving average price is $25.79 and its 200-day moving average price is $25.27.

Cabana Target Drawdown 10 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $0.1326 dividend. This represents a $0.53 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, December 30th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 70.87%.

About Cabana Target Drawdown 10 ETF

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.