Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Down 50.2% in May

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 466 shares, a decrease of 50.2% from the May 14th total of 936 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 7,075 shares, the days-to-cover ratio is presently 0.1 days.

Cabana Target Drawdown 10 ETF Price Performance

TDSC stock traded up $0.21 during trading on Monday, reaching $27.96. 8,535 shares of the company were exchanged, compared to its average volume of 12,872. The company has a 50-day moving average of $27.26 and a two-hundred day moving average of $26.45. The company has a market capitalization of $105.41 million, a price-to-earnings ratio of 27.15 and a beta of 0.46. Cabana Target Drawdown 10 ETF has a twelve month low of $23.86 and a twelve month high of $28.20.

Cabana Target Drawdown 10 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, March 27th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is currently 54.37%.

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. TDSC was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.