Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Short Interest Down 68.9% in May

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 303 shares, a decline of 68.9% from the May 14th total of 974 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,471 shares, the days-to-cover ratio is presently 0.1 days.

Cabana Target Drawdown 7 ETF Trading Up 0.0%

Shares of NASDAQ TDSB traded up $0.01 during midday trading on Friday, hitting $24.66. 1,469 shares of the company’s stock were exchanged, compared to its average volume of 7,481. Cabana Target Drawdown 7 ETF has a 12-month low of $21.70 and a 12-month high of $25.30. The company has a market cap of $49.32 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. The business’s fifty day moving average price is $24.76 and its two-hundred day moving average price is $24.55.

Cabana Target Drawdown 7 ETF Increases Dividend

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

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.