Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Large Decrease in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 1,909 shares, a drop of 89.1% from the August 15th total of 17,570 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,674 shares, the short-interest ratio is currently 0.7 days.

Cabana Target Drawdown 7 ETF Stock Performance

TDSB remained flat at $24.74 during trading on Friday. The company had a trading volume of 1,457 shares, compared to its average volume of 6,951. The business’s 50 day moving average is $24.75 and its 200 day moving average is $24.74. The company has a market capitalization of $49.48 million, a PE ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 12 month low of $23.10 and a 12 month high of $25.30.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were paid a dividend of $0.126 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, June 26th.

Hedge Funds Weigh In On Cabana Target Drawdown 7 ETF

An institutional investor recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC purchased a new stake in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned approximately 0.30% of Cabana Target Drawdown 7 ETF as of its most recent filing with the SEC.

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.