Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Shares Shorted: Short Interest Up 121.1% in September

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 5,850 shares, an increase of 121.1% from the August 31st total of 2,646 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,133 shares, the days-to-cover ratio is presently 1.9 days.

Kingsbarn Dividend Opportunity ETF Stock Up 0.3%

Shares of NYSEARCA:DVDN traded up $0.04 during trading on Tuesday, reaching $14.06. 1,314 shares of the company traded hands, compared to its average volume of 1,731. The firm has a fifty day simple moving average of $15.27 and a 200 day simple moving average of $16.21. Kingsbarn Dividend Opportunity ETF has a 1-year low of $14.02 and a 1-year high of $21.95. The firm has a market cap of $2.39 million, a P/E ratio of 13.40 and a beta of 0.61.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were given a dividend of $0.5162 per share. The ex-dividend date of this dividend was Thursday, July 9th. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5498. This represents a $2.06 annualized dividend and a yield of 14.7%.

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.