Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Down 52.7% in December

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,517 shares, a decline of 52.7% from the December 15th total of 5,317 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 18,347 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 18,347 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Cabana Target Drawdown 10 ETF

An institutional investor recently raised its position in Cabana Target Drawdown 10 ETF stock. AdvisorNet Financial Inc raised its holdings in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) by 260.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,969 shares of the company’s stock after purchasing an additional 1,422 shares during the quarter. AdvisorNet Financial Inc’s holdings in Cabana Target Drawdown 10 ETF were worth $48,000 at the end of the most recent reporting period. 31.57% of the stock is currently owned by institutional investors and hedge funds.

Cabana Target Drawdown 10 ETF Trading Up 0.1%

NASDAQ TDSC opened at $25.82 on Wednesday. Cabana Target Drawdown 10 ETF has a 12 month low of $21.79 and a 12 month high of $25.91. The stock has a 50 day moving average of $25.39 and a 200-day moving average of $25.01. The company has a market cap of $118.51 million, a PE ratio of 25.07 and a beta of 0.44.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.1326 dividend. The ex-dividend date was Tuesday, December 30th. This represents a $0.53 dividend on an annualized basis and a yield of 2.1%. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is currently 70.87%.

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.