Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Drops By 47.7%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 2,003 shares, a drop of 47.7% from the April 15th total of 3,833 shares. Based on an average trading volume of 2,096 shares, the short-interest ratio is presently 1.0 days. Approximately 1.2% of the shares of the stock are short sold.

Kingsbarn Dividend Opportunity ETF Trading Down 1.4%

Shares of NYSEARCA DVDN traded down $0.23 during midday trading on Friday, hitting $16.37. 648 shares of the company’s stock were exchanged, compared to its average volume of 1,666. The business’s fifty day moving average price is $17.13 and its two-hundred day moving average price is $18.44. The company has a market cap of $2.78 million, a price-to-earnings ratio of 13.40 and a beta of 0.65. Kingsbarn Dividend Opportunity ETF has a 12-month low of $16.28 and a 12-month high of $23.51.

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.