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

Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) saw a large drop in short interest in 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 presently 1.0 days.

Cabana Target Drawdown 10 ETF Stock Performance

TDSC traded up $0.03 on Friday, hitting $23.53. 33,272 shares of the company were exchanged, compared to its average volume of 159,772. The firm has a fifty day simple moving average of $23.77 and a two-hundred day simple moving average of $23.05. Cabana Target Drawdown 10 ETF has a 12 month low of $21.73 and a 12 month high of $24.29. The stock has a market capitalization of $246.36 million, a PE ratio of 22.84 and a beta of 0.40.

Cabana Target Drawdown 10 ETF Dividend Announcement

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

Hedge Funds Weigh In On Cabana Target Drawdown 10 ETF

A hedge fund recently bought a new stake in Cabana Target Drawdown 10 ETF stock. Davis R M Inc. purchased a new position in shares of Cabana Target Drawdown 10 ETF (NASDAQ:TDSC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 14,653 shares of the company’s stock, valued at approximately $341,000. Davis R M Inc. owned about 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.