Cabana Target Drawdown 10 ETF (NASDAQ:TDSC – Get Free Report) fell 3.1% on Thursday. The company traded as low as $27.61 and last traded at $27.61. 8,797 shares changed hands during trading, a decline of 15% from the average session volume of 10,317 shares. The stock had previously closed at $28.49.
Cabana Target Drawdown 10 ETF Trading Down 3.1%
The company has a market capitalization of $100.50 million, a P/E ratio of 26.81 and a beta of 0.44. The stock has a 50 day moving average price of $28.48 and a 200 day moving average price of $27.51.
Cabana Target Drawdown 10 ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were issued a $0.1065 dividend. This represents a $0.43 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, September 28th. This is a boost from Cabana Target Drawdown 10 ETF’s previous quarterly dividend of $0.0797. Cabana Target Drawdown 10 ETF’s payout ratio is currently 35.92%.
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. TDSC was launched on Sep 16, 2020 and is managed by Exchange Traded Concepts.
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