Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Short Interest Down 42.6% in August

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 2,646 shares, a decline of 42.6% from the August 15th total of 4,609 shares. Approximately 1.6% of the shares of the company are sold short. Based on an average daily volume of 1,857 shares, the short-interest ratio is presently 1.4 days.

Kingsbarn Dividend Opportunity ETF Trading Down 0.1%

Shares of Kingsbarn Dividend Opportunity ETF stock traded down $0.01 during trading hours on Wednesday, hitting $14.66. 832 shares of the company were exchanged, compared to its average volume of 1,785. The business has a 50-day moving average of $15.50 and a 200-day moving average of $16.40. Kingsbarn Dividend Opportunity ETF has a 1 year low of $14.65 and a 1 year high of $22.60. The stock has a market capitalization of $14.65 million, a price-to-earnings ratio of 13.40 and a beta of 0.61.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were paid a $0.5162 dividend. This represents a $2.06 annualized dividend and a yield of 14.1%. The ex-dividend date of this dividend was Thursday, July 9th.

Kingsbarn Dividend Opportunity ETF Company Profile

The Kingsbarn Dividend Opportunity ETF (DVDN) is an exchange-traded fund that mostly invests in real estate equity. The fund is an actively managed, narrow portfolio of publicly traded equities issued by residential and commercial mortgage REITs or business development companies. The funds objective is to provide quarterly dividends and long-term capital appreciation. DVDN was launched on Nov 2, 2023 and is issued by Kingsbarn.