Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Large Growth in Short Interest

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 1,666 shares, an increase of 83.3% from the August 31st total of 909 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,189 shares, the short-interest ratio is currently 0.3 days.

Cabana Target Drawdown 10 ETF Trading Down 0.2%

TDSC opened at $28.08 on Thursday. The stock has a fifty day simple moving average of $28.34 and a two-hundred day simple moving average of $27.58. The company has a market cap of $102.21 million, a price-to-earnings ratio of 27.26 and a beta of 0.46. Cabana Target Drawdown 10 ETF has a 12-month low of $24.50 and a 12-month high of $28.89.

Cabana Target Drawdown 10 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a $0.1065 dividend. The ex-dividend date of this dividend was Monday, September 28th. This represents a $0.43 dividend on an annualized basis and a dividend yield of 1.5%. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.0797. Cabana Target Drawdown 10 ETF’s payout ratio is currently 35.92%.

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.