Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Trading Up 0.2% – Here’s What Happened

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB)’s stock price shot up 0.2% on Thursday . The company traded as high as $24.84 and last traded at $24.84. 14,399 shares traded hands during mid-day trading, an increase of 13% from the average session volume of 12,742 shares. The stock had previously closed at $24.79.

Cabana Target Drawdown 7 ETF Stock Performance

The company has a market capitalization of $55.89 million, a P/E ratio of 20.85 and a beta of 0.34. The company’s fifty day simple moving average is $24.35 and its 200-day simple moving average is $23.76.

Cabana Target Drawdown 7 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.1287 per share. This represents a $0.51 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, December 30th.

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.