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

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 1,666 shares, an increase of 83.3% from the August 31st total of 909 shares. Based on an average daily volume of 5,189 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Cabana Target Drawdown 10 ETF Stock Down 0.2%

TDSC stock traded down $0.06 during midday trading on Tuesday, hitting $28.06. 11,004 shares of the company traded hands, compared to its average volume of 11,321. Cabana Target Drawdown 10 ETF has a twelve month low of $24.50 and a twelve month high of $28.89. The business has a 50 day simple moving average of $28.33 and a 200-day simple moving average of $27.56. The stock has a market capitalization of $103.55 million, a price-to-earnings ratio of 27.24 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 28th will be paid a $0.1065 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, September 28th. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.0797. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is 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.