Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Sees Significant Increase in Short Interest

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 12,927 shares, a growth of 222.6% from the September 30th total of 4,007 shares. Based on an average daily trading volume, of 2,026 shares, the days-to-cover ratio is presently 6.4 days. Approximately 7.6% of the shares of the company are short sold.

Kingsbarn Dividend Opportunity ETF Price Performance

DVDN opened at $12.99 on Thursday. Kingsbarn Dividend Opportunity ETF has a 12 month low of $12.41 and a 12 month high of $20.49. The stock has a market cap of $2.21 million, a P/E ratio of 13.40 and a beta of 0.66. The stock’s 50 day moving average price is $14.19 and its 200 day moving average price is $16.32.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were given a dividend of $0.4944 per share. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5162. The ex-dividend date was Thursday, October 8th. This represents a $1.98 dividend on an annualized basis and a yield of 15.2%.

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.