Cabana Target Drawdown 7 ETF (NASDAQ:TDSB – Get Free Report) saw a significant 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 trading volume of 18,487 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.4% of the shares of the company are sold short.
Cabana Target Drawdown 7 ETF Stock Performance
Cabana Target Drawdown 7 ETF stock opened at $24.57 on Friday. Cabana Target Drawdown 7 ETF has a one year low of $22.38 and a one year high of $25.30. The company has a 50-day simple moving average of $24.67 and a 200-day simple moving average of $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 Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were paid a dividend of $0.126 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Friday, June 26th.
About Cabana Target Drawdown 7 ETF
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.
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