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 decrease in short interest in the month of August. As of August 31st, there was short interest totaling 2,646 shares, a decrease 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 trading volume of 1,857 shares, the days-to-cover 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 on Wednesday, reaching $14.66. The company’s stock had a trading volume of 832 shares, compared to its average volume of 1,785. The company has a 50-day moving average price of $15.50 and a two-hundred day moving average price of $16.40. The firm has a market cap of $14.65 million, a PE ratio of 13.40 and a beta of 0.61. Kingsbarn Dividend Opportunity ETF has a fifty-two week low of $14.65 and a fifty-two week high of $22.60.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm 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. The ex-dividend date was Thursday, July 9th. This represents a $2.06 dividend on an annualized basis and a yield of 14.1%.

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.