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 the month of February. As of February 27th, there was short interest totaling 13,170 shares, an increase of 1,320.7% from the February 12th total of 927 shares. Based on an average trading volume of 13,280 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 13,280 shares, the days-to-cover ratio is presently 1.0 days.

Cabana Target Drawdown 7 ETF Price Performance

NASDAQ TDSB opened at $25.09 on Wednesday. The stock has a market capitalization of $56.45 million, a P/E ratio of 20.85 and a beta of 0.34. Cabana Target Drawdown 7 ETF has a 52-week low of $20.83 and a 52-week high of $25.30. The firm has a 50-day moving average price of $24.61 and a 200 day moving average price of $24.00.

Cabana Target Drawdown 7 ETF Cuts Dividend

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

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.