Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Drops By 36.4%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a large decline in short interest in May. As of May 15th, there was short interest totaling 1,274 shares, a decline of 36.4% from the April 30th total of 2,003 shares. Based on an average daily volume of 1,512 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.7% of the company’s stock are sold short.

Kingsbarn Dividend Opportunity ETF Stock Performance

NYSEARCA:DVDN opened at $16.37 on Thursday. Kingsbarn Dividend Opportunity ETF has a one year low of $16.28 and a one year high of $23.51. The firm has a market cap of $2.78 million, a P/E ratio of 13.40 and a beta of 0.65. The firm has a 50-day simple moving average of $16.97 and a 200-day simple moving average of $18.13.

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.