Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Shares Down 3.1% – Time to Sell?

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) traded down 3.1% during mid-day trading on Thursday. The stock traded as low as $27.61 and last traded at $27.61. 8,797 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 10,317 shares. The stock had previously closed at $28.49.

Cabana Target Drawdown 10 ETF Price Performance

The company has a market cap of $100.50 million, a price-to-earnings ratio of 26.81 and a beta of 0.44. The business’s fifty day moving average price is $28.48 and its 200 day moving average price is $27.51.

Cabana Target Drawdown 10 ETF Increases Dividend

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