Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) Sees Significant Decline in Short Interest

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

Cabana Target Drawdown 10 ETF Stock Performance

Shares of Cabana Target Drawdown 10 ETF stock traded down $0.33 on Tuesday, hitting $23.35. The company’s stock had a trading volume of 30,128 shares, compared to its average volume of 156,441. Cabana Target Drawdown 10 ETF has a 1 year low of $21.73 and a 1 year high of $24.29. The firm has a fifty day moving average price of $23.78 and a 200-day moving average price of $23.08. The company has a market capitalization of $243.75 million, a price-to-earnings ratio of 22.67 and a beta of 0.37.

Cabana Target Drawdown 10 ETF Announces Dividend

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. The ex-dividend date of this dividend was Monday, March 25th. This represents a $0.28 annualized dividend and a dividend yield of 1.21%. Cabana Target Drawdown 10 ETF’s dividend payout ratio is presently 52.43%.

Hedge Funds Weigh In On Cabana Target Drawdown 10 ETF

An institutional investor recently bought a new position in Cabana Target Drawdown 10 ETF stock. Davis R M Inc. purchased a new stake in Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 14,653 shares of the company’s stock, valued at approximately $341,000. Davis R M Inc. owned approximately 0.12% of Cabana Target Drawdown 10 ETF as of its most recent SEC filing. Institutional investors own 31.57% of the company’s stock.

Cabana Target Drawdown 10 ETF Company Profile

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.