Short Interest in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Drops By 23.3%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 47,800 shares, a decrease of 23.3% from the March 31st total of 62,300 shares. Based on an average daily trading volume, of 46,100 shares, the days-to-cover ratio is presently 1.0 days.

Cabana Target Drawdown 10 ETF Stock Performance

TDSC traded up $0.03 during trading hours on Friday, reaching $23.53. The company’s stock had a trading volume of 33,272 shares, compared to its average volume of 159,772. Cabana Target Drawdown 10 ETF has a 52 week low of $21.73 and a 52 week high of $24.29. The company’s 50-day moving average is $23.77 and its 200-day moving average is $23.05. The firm has a market cap of $246.36 million, a PE ratio of 22.84 and a beta of 0.40.

Cabana Target Drawdown 10 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Tuesday, March 26th were paid a $0.0704 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date was Monday, March 25th. Cabana Target Drawdown 10 ETF’s dividend payout ratio (DPR) is presently 52.43%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cabana Target Drawdown 10 ETF stock. Davis R M Inc. acquired a new position in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 14,653 shares of the company’s stock, valued at approximately $341,000. Davis R M Inc. owned 0.12% of Cabana Target Drawdown 10 ETF at the end of the most recent reporting period. Hedge funds and other institutional investors own 31.57% of the company’s stock.

About Cabana Target Drawdown 10 ETF

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.