Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Update

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 936 shares, a decline of 66.5% from the April 30th total of 2,798 shares. Based on an average trading volume of 6,397 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Cabana Target Drawdown 10 ETF Stock Performance

TDSC remained flat at $28.00 during trading hours on Monday. The company had a trading volume of 5,132 shares, compared to its average volume of 13,404. The firm has a market capitalization of $105.56 million, a PE ratio of 27.18 and a beta of 0.46. The stock has a 50 day simple moving average of $26.83 and a 200-day simple moving average of $26.24. Cabana Target Drawdown 10 ETF has a 52-week low of $23.75 and a 52-week high of $28.01.

Cabana Target Drawdown 10 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.22 annualized dividend and a dividend yield of 0.8%. Cabana Target Drawdown 10 ETF’s payout ratio is 54.37%.

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.