Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Stock Short Interest Declines 40.8%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 987 shares, a decline of 40.8% from the September 15th total of 1,666 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 7,311 shares, the short-interest ratio is currently 0.1 days.

Cabana Target Drawdown 10 ETF Trading Down 0.5%

Shares of Cabana Target Drawdown 10 ETF stock traded down $0.14 during trading on Friday, hitting $28.51. The stock had a trading volume of 407 shares, compared to its average volume of 10,798. The business’s 50-day moving average is $28.51 and its 200 day moving average is $27.78. Cabana Target Drawdown 10 ETF has a 12 month low of $24.63 and a 12 month high of $28.89. The firm has a market cap of $103.78 million, a price-to-earnings ratio of 27.68 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.1065 dividend. This is an increase from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.0797. This represents a $0.43 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 28th. Cabana Target Drawdown 10 ETF’s payout ratio is 35.92%.

About Cabana Target Drawdown 10 ETF

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.