Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Short Interest Up 11,094.9% in July

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 44,220 shares, an increase of 11,094.9% from the June 30th total of 395 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 29,772 shares, the short-interest ratio is presently 1.5 days.

Cabana Target Drawdown 10 ETF Price Performance

TDSC opened at $27.83 on Friday. The firm has a 50 day simple moving average of $27.71 and a 200 day simple moving average of $26.89. Cabana Target Drawdown 10 ETF has a fifty-two week low of $23.98 and a fifty-two week high of $28.20. The company has a market cap of $102.14 million, a price-to-earnings ratio of 27.02 and a beta of 0.46.

Cabana Target Drawdown 10 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were paid a dividend of $0.0797 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Friday, June 26th. Cabana Target Drawdown 10 ETF’s payout ratio is presently 42.72%.

Cabana Target Drawdown 10 ETF Company Profile

The Cabana Target Drawdown 10 ETF (TDSC) 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 10% from peak to trough. TDSC was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.