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

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the recipient of a significant decrease in short interest in the month of 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. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,075 shares, the days-to-cover ratio is currently 0.1 days.

Cabana Target Drawdown 10 ETF Trading Up 0.4%

Shares of Cabana Target Drawdown 10 ETF stock opened at $27.75 on Friday. The firm has a fifty day simple moving average of $27.22 and a 200-day simple moving average of $26.42. The stock has a market capitalization of $104.62 million, a price-to-earnings ratio of 26.94 and a beta of 0.46. Cabana Target Drawdown 10 ETF has a 1-year low of $23.86 and a 1-year high of $28.20.

Cabana Target Drawdown 10 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 27th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, March 27th. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is 54.37%.

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.