Short Interest in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Rises By 600.0%

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 3,500 shares, a growth of 600.0% from the September 15th total of 500 shares. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 18,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of Cabana Target Drawdown 10 ETF

A hedge fund recently raised its stake in Cabana Target Drawdown 10 ETF stock. AdvisorNet Financial Inc grew its holdings in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) by 260.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,969 shares of the company’s stock after purchasing an additional 1,422 shares during the period. AdvisorNet Financial Inc’s holdings in Cabana Target Drawdown 10 ETF were worth $48,000 as of its most recent SEC filing. 31.57% of the stock is currently owned by institutional investors and hedge funds.

Cabana Target Drawdown 10 ETF Stock Performance

Shares of NASDAQ:TDSC opened at $25.01 on Friday. The stock has a market capitalization of $127.31 million, a price-to-earnings ratio of 24.28 and a beta of 0.40. Cabana Target Drawdown 10 ETF has a 1-year low of $21.79 and a 1-year high of $26.02. The company’s fifty day moving average is $24.97 and its two-hundred day moving average is $24.20.

Cabana Target Drawdown 10 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 29th were issued a dividend of $0.1782 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 29th. Cabana Target Drawdown 10 ETF’s dividend payout ratio is 90.29%.

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.