Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Short Interest Up 122.9% in January

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a significant increase in short interest during 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. Based on an average daily trading volume, of 1,503 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are short sold. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 1,503 shares, the days-to-cover ratio is currently 0.4 days.

Kingsbarn Dividend Opportunity ETF Price Performance

NYSEARCA DVDN traded down $0.80 during mid-day trading on Friday, reaching $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 cap of $3.13 million, a PE ratio of 13.40 and a beta of 0.60. Kingsbarn Dividend Opportunity ETF has a 1 year low of $18.33 and a 1 year high of $28.52. The company has a fifty day moving average price of $19.41 and a 200 day moving average price of $20.76.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently declared 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. This represents a $2.07 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Hedge Funds 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) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,298 shares of the company’s stock, valued at approximately $282,000. Brookwood Investment Group LLC owned 8.78% of Kingsbarn Dividend Opportunity ETF as of its most recent filing with the Securities and Exchange Commission.

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.