Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Stock Short Interest Climbs 82.0%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 455 shares, a growth of 82.0% from the September 30th total of 250 shares. Based on an average daily trading volume, of 2,841 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Cabana Target Drawdown 7 ETF

A hedge fund recently bought a new stake in Cabana Target Drawdown 7 ETF stock. Continuum Advisory LLC bought a new position in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,990 shares of the company’s stock, valued at approximately $147,000. Continuum Advisory LLC owned approximately 0.30% of Cabana Target Drawdown 7 ETF at the end of the most recent reporting period.

Cabana Target Drawdown 7 ETF Price Performance

Shares of TDSB stock traded down $0.02 during mid-day trading on Monday, hitting $24.73. The company had a trading volume of 1,874 shares, compared to its average volume of 6,314. The company has a market capitalization of $48.22 million, a P/E ratio of 20.85 and a beta of 0.33. Cabana Target Drawdown 7 ETF has a 52-week low of $23.67 and a 52-week high of $25.30. The stock’s 50 day moving average price is $24.79 and its 200-day moving average price is $24.71.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a dividend of $0.0435 per share. This represents a $0.17 annualized dividend and a yield of 0.7%. The ex-dividend date was Monday, September 28th. This is a negative change from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.1260.

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.