Short Interest in Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Increases By 1,320.7%

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 13,170 shares, an increase of 1,320.7% from the February 12th total of 927 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 13,280 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily trading volume, of 13,280 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.6% of the shares of the company are short sold.

Cabana Target Drawdown 7 ETF Stock Down 0.2%

Shares of TDSB opened at $25.05 on Thursday. The company has a market capitalization of $56.36 million, a price-to-earnings ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 52 week low of $20.83 and a 52 week high of $25.30. The stock’s 50-day moving average price is $24.64 and its 200-day moving average price is $24.01.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were given a $0.1287 dividend. This represents a $0.51 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, December 30th.

Cabana Target Drawdown 7 ETF Company Profile

The Cabana Target Drawdown 7 ETF (TDSB) 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 7% from peak to trough. TDSB was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.