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

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

Cabana Target Drawdown 7 ETF Price Performance

TDSB stock opened at $24.57 on Friday. The business’s 50-day moving average is $24.67 and its two-hundred day moving average is $24.66. The firm has a market capitalization of $49.14 million, a P/E 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.

Cabana Target Drawdown 7 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were given a $0.126 dividend. The ex-dividend date of this dividend was Friday, June 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.1%.

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.