Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Grows By 940.3%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 1,883 shares, a growth of 940.3% from the November 30th total of 181 shares. Based on an average daily trading volume, of 1,239 shares, the short-interest ratio is currently 1.5 days. Currently, 1.1% of the shares of the stock are sold short. Currently, 1.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,239 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Kingsbarn Dividend Opportunity ETF

A hedge fund recently bought a new stake in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC bought a new stake in shares of Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 reporting period.

Kingsbarn Dividend Opportunity ETF Stock Performance

Shares of NYSEARCA DVDN opened at $18.89 on Friday. The firm has a fifty day moving average of $19.82 and a 200 day moving average of $21.45. The firm has a market cap of $3.21 million, a PE ratio of 13.40 and a beta of 0.60. Kingsbarn Dividend Opportunity ETF has a one year low of $18.75 and a one year high of $28.52.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th will be paid a dividend of $0.5184 per share. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 11.0%.

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.