Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Up 730.3% in April

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,798 shares, an increase of 730.3% from the April 15th total of 337 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 6,591 shares, the short-interest ratio is presently 0.4 days.

Cabana Target Drawdown 10 ETF Stock Performance

Shares of TDSC traded down $0.12 during mid-day trading on Tuesday, reaching $27.44. 560 shares of the company’s stock traded hands, compared to its average volume of 14,011. Cabana Target Drawdown 10 ETF has a 12 month low of $23.61 and a 12 month high of $27.56. The stock has a market capitalization of $103.45 million, a P/E ratio of 26.64 and a beta of 0.46. The business’s 50-day moving average price is $26.53 and its 200-day moving average price is $25.99.

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 dividend of $0.055 per share. The ex-dividend date of this dividend was Friday, March 27th. This represents a $0.22 annualized dividend and a yield of 0.8%. Cabana Target Drawdown 10 ETF’s payout ratio is presently 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.