Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Short Interest Update

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a significant growth in short interest during the month of 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. Approximately 1.1% of the company’s shares are short sold. Based on an average daily volume of 1,239 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 1,239 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.1% of the company’s shares are short sold.

Kingsbarn Dividend Opportunity ETF Stock Performance

DVDN stock traded down $0.32 during midday trading on Wednesday, hitting $18.89. 1,040 shares of the company’s stock were exchanged, compared to its average volume of 1,906. The company has a market cap of $3.21 million, a PE ratio of 13.40 and a beta of 0.60. The stock’s fifty day moving average price is $19.84 and its 200-day moving average price is $21.47. 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 company also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be paid a $0.5184 dividend. This represents a $2.07 annualized dividend and a yield of 11.0%. The ex-dividend date is Wednesday, December 24th.

Hedge Funds Weigh In On Kingsbarn Dividend Opportunity ETF

An institutional investor recently bought a new position in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC purchased a new stake in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,298 shares of the company’s stock, valued at approximately $282,000. Brookwood Investment Group LLC owned approximately 8.78% of Kingsbarn Dividend Opportunity ETF at the end of the most recent quarter.

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.