Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) Sees Large Increase in Short Interest

Cabana Target Drawdown 7 ETF (NASDAQ:TDSB) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totaling 544 shares, an increase of 20.9% from the March 15th total of 450 shares. Based on an average trading volume of 5,011 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Cabana Target Drawdown 7 ETF Trading Up 0.4%

Shares of NASDAQ:TDSB opened at $24.84 on Friday. Cabana Target Drawdown 7 ETF has a 1 year low of $21.22 and a 1 year high of $25.30. The firm has a market cap of $49.68 million, a price-to-earnings ratio of 20.85 and a beta of 0.36. The business has a fifty day simple moving average of $24.72 and a 200 day simple moving average of $24.29.

Cabana Target Drawdown 7 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 27th were paid a $0.1738 dividend. The ex-dividend date was Friday, March 27th. This represents a $0.70 annualized dividend and a dividend yield of 2.8%. This is an increase from Cabana Target Drawdown 7 ETF’s previous quarterly dividend of $0.13.

Cabana Target Drawdown 7 ETF Company Profile

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.