Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Significant Decline in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 200 shares, a decline of 97.9% from the February 29th total of 9,400 shares. Based on an average daily volume of 193,100 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On Cabana Target Drawdown 10 ETF

An institutional investor recently raised its position in Cabana Target Drawdown 10 ETF stock. JPMorgan Chase & Co. boosted its holdings in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) by 19.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,783 shares of the company’s stock after purchasing an additional 2,952 shares during the quarter. JPMorgan Chase & Co. owned about 0.11% of Cabana Target Drawdown 10 ETF worth $398,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 31.57% of the company’s stock.

Cabana Target Drawdown 10 ETF Price Performance

Cabana Target Drawdown 10 ETF stock traded up $0.05 during mid-day trading on Thursday, hitting $24.27. The company’s stock had a trading volume of 16,298 shares, compared to its average volume of 197,273. The stock has a market cap of $289.78 million, a price-to-earnings ratio of 23.51 and a beta of 0.40. The business has a 50 day moving average price of $23.58 and a 200-day moving average price of $22.76. Cabana Target Drawdown 10 ETF has a 12 month low of $21.73 and a 12 month high of $24.28.

Cabana Target Drawdown 10 ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 26th were given a dividend of $0.0704 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Monday, March 25th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 45.63%.

Cabana Target Drawdown 10 ETF Company Profile

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.