Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Down 88.6% in August

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,859 shares, a drop of 88.6% from the July 30th total of 33,723 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 6,820 shares, the days-to-cover ratio is currently 0.6 days.

Cabana Target Drawdown 10 ETF Stock Performance

Shares of NASDAQ TDSC opened at $28.71 on Wednesday. The company’s fifty day moving average price is $27.92 and its 200 day moving average price is $27.25. Cabana Target Drawdown 10 ETF has a 1 year low of $24.50 and a 1 year high of $28.89. The company has a market capitalization of $105.37 million, a PE ratio of 27.87 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were given a $0.0797 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, June 26th. Cabana Target Drawdown 10 ETF’s payout ratio is currently 42.72%.

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.