Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Short Interest Update

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 68,168 shares, a growth of 27,058.6% from the June 30th total of 251 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average daily trading volume, of 18,487 shares, the short-interest ratio is presently 3.7 days.

Cabana Target Drawdown 7 ETF Stock Performance

NASDAQ TDSB traded up $0.02 during mid-day trading on Friday, reaching $24.57. 898 shares of the stock were exchanged, compared to its average volume of 7,771. The stock has a market capitalization of $49.14 million, a PE ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 1-year low of $22.38 and a 1-year high of $25.30. The business’s fifty day simple moving average is $24.67 and its 200 day simple moving average is $24.66.

Cabana Target Drawdown 7 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were issued a dividend of $0.126 per share. The ex-dividend date was Friday, June 26th. This represents a $0.50 annualized dividend and a dividend 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.