Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Significant Decrease in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 909 shares, a decline of 76.4% from the August 15th total of 3,859 shares. Based on an average trading volume of 3,480 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Cabana Target Drawdown 10 ETF Stock Up 0.4%

TDSC opened at $28.41 on Friday. The stock has a market capitalization of $104.26 million, a price-to-earnings ratio of 27.58 and a beta of 0.46. The firm has a 50 day moving average price of $28.18 and a 200-day moving average price of $27.44. Cabana Target Drawdown 10 ETF has a twelve month low of $24.50 and a twelve month high of $28.89.

Cabana Target Drawdown 10 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were paid a dividend of $0.0797 per share. The ex-dividend date was Friday, June 26th. This represents a $0.32 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is presently 42.72%.

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.