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

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 604 shares, an increase of 122.9% from the December 31st total of 271 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,503 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 1,503 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC bought a new position in shares of Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,298 shares of the company’s stock, valued at approximately $282,000. Brookwood Investment Group LLC owned about 8.78% of Kingsbarn Dividend Opportunity ETF at the end of the most recent quarter.

Kingsbarn Dividend Opportunity ETF Price Performance

Shares of DVDN traded down $0.80 during trading hours on Friday, hitting $18.40. The stock had a trading volume of 4,261 shares, compared to its average volume of 1,638. The stock has a market capitalization of $3.13 million, a price-to-earnings ratio of 13.40 and a beta of 0.60. The company’s fifty day moving average is $19.41 and its two-hundred day moving average is $20.76. Kingsbarn Dividend Opportunity ETF has a 52 week low of $18.33 and a 52 week high of $28.52.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a dividend of $0.5184 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.07 annualized dividend and a dividend yield of 11.3%.

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.