Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Significant Growth in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totaling 1,570 shares, a growth of 307.8% from the December 15th total of 385 shares. Based on an average daily trading volume, of 14,089 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 14,089 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On Cabana Target Drawdown 7 ETF

A hedge fund recently raised its stake in Cabana Target Drawdown 7 ETF stock. AdvisorNet Financial Inc grew its position in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) by 583.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,892 shares of the company’s stock after purchasing an additional 1,615 shares during the quarter. AdvisorNet Financial Inc owned about 0.06% of Cabana Target Drawdown 7 ETF worth $42,000 as of its most recent SEC filing.

Cabana Target Drawdown 7 ETF Stock Performance

TDSB opened at $24.28 on Tuesday. The business’s 50-day simple moving average is $24.03 and its 200 day simple moving average is $23.34. Cabana Target Drawdown 7 ETF has a 52-week low of $20.83 and a 52-week high of $24.30. The firm has a market capitalization of $57.79 million, a PE ratio of 20.85 and a beta of 0.34.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 30th were given a $0.1287 dividend. This represents a $0.51 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.