Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Declines By 42.6%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,646 shares, a drop of 42.6% from the August 15th total of 4,609 shares. Based on an average daily volume of 1,857 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.6% of the shares of the company are short sold.

Kingsbarn Dividend Opportunity ETF Trading Up 0.7%

Kingsbarn Dividend Opportunity ETF stock traded up $0.10 during mid-day trading on Thursday, reaching $14.76. The company’s stock had a trading volume of 914 shares, compared to its average volume of 1,780. Kingsbarn Dividend Opportunity ETF has a twelve month low of $14.65 and a twelve month high of $22.60. The business has a 50 day moving average price of $15.50 and a 200-day moving average price of $16.40. The firm has a market cap of $14.75 million, a price-to-earnings ratio of 13.40 and a beta of 0.61.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.5162 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 14.0%. The ex-dividend date was Thursday, July 9th.

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.