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

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

Kingsbarn Dividend Opportunity ETF Stock Performance

Kingsbarn Dividend Opportunity ETF stock opened at $12.99 on Thursday. The company has a 50-day simple moving average of $14.19 and a 200-day simple moving average of $16.32. The firm has a market capitalization of $2.21 million, a P/E ratio of 13.40 and a beta of 0.66. Kingsbarn Dividend Opportunity ETF has a one year low of $12.41 and a one year high of $20.49.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

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

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.