Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Short Interest Update

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 5,850 shares, an increase of 121.1% from the August 31st total of 2,646 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 3,133 shares, the short-interest ratio is presently 1.9 days.

Kingsbarn Dividend Opportunity ETF Stock Up 0.1%

Shares of NYSEARCA:DVDN traded up $0.02 during trading on Friday, hitting $14.17. 141 shares of the stock traded hands, compared to its average volume of 1,745. The company has a market cap of $2.41 million, a price-to-earnings ratio of 13.40 and a beta of 0.61. The company has a fifty day moving average price of $15.31 and a two-hundred day moving average price of $16.24. Kingsbarn Dividend Opportunity ETF has a 52-week low of $14.14 and a 52-week high of $21.95.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a dividend of $0.5162 per share. This represents a $2.06 dividend on an annualized basis and a yield of 14.6%. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5498. The ex-dividend date of this dividend was Thursday, July 9th.

About Kingsbarn Dividend Opportunity ETF

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.