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

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the recipient of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 18,368 shares, a drop of 73.1% from the July 15th total of 68,168 shares. Based on an average trading volume of 3,602 shares, the days-to-cover ratio is presently 5.1 days. Currently, 0.9% of the company’s shares are short sold.

Cabana Target Drawdown 7 ETF Trading Up 0.1%

TDSB stock opened at $24.92 on Thursday. The company has a market cap of $49.84 million, a PE ratio of 20.85 and a beta of 0.34. The stock has a 50-day moving average price of $24.60 and a two-hundred day moving average price of $24.69. Cabana Target Drawdown 7 ETF has a 12-month low of $22.56 and a 12-month high of $25.30.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were paid a $0.126 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, June 26th.

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.