Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Significant Drop in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 251 shares, a drop of 43.6% from the June 15th total of 445 shares. Based on an average daily trading volume, of 3,448 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Cabana Target Drawdown 7 ETF Stock Performance

NASDAQ:TDSB opened at $24.50 on Friday. The company has a market cap of $47.77 million, a price-to-earnings 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 moving average price of $24.72 and a 200-day moving average price of $24.64.

Cabana Target Drawdown 7 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were given a $0.126 dividend. The ex-dividend date was Friday, June 26th. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%.

About Cabana Target Drawdown 7 ETF

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.