Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Short Interest Up 103.4% in April

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 1,188 shares, an increase of 103.4% from the April 15th total of 584 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 4,031 shares, the days-to-cover ratio is currently 0.3 days.

Cabana Target Drawdown 7 ETF Price Performance

Shares of NASDAQ TDSB traded down $0.01 during mid-day trading on Monday, reaching $24.72. 2,711 shares of the company traded hands, compared to its average volume of 8,263. The firm has a market cap of $49.44 million, a PE ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a fifty-two week low of $21.70 and a fifty-two week high of $25.30. The stock has a fifty day simple moving average of $24.68 and a 200-day simple moving average of $24.42.

Cabana Target Drawdown 7 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 27th were paid a dividend of $0.1738 per share. This is an increase from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.8%.

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.