Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Sees Large Decline in Short Interest

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 271 shares, a drop of 85.6% from the December 15th total of 1,883 shares. Based on an average trading volume of 3,251 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 3,251 shares, the short-interest ratio is currently 0.1 days.

Kingsbarn Dividend Opportunity ETF Stock Performance

NYSEARCA DVDN traded up $0.12 on Monday, reaching $18.95. The company had a trading volume of 1,776 shares, compared to its average volume of 1,354. The company’s fifty day moving average is $19.50 and its 200-day moving average is $21.10. The firm has a market capitalization of $3.22 million, a price-to-earnings ratio of 13.40 and a beta of 0.60. Kingsbarn Dividend Opportunity ETF has a 1-year low of $18.60 and a 1-year high of $28.52.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.5184 per share. This represents a $2.07 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Investors Weigh In On Kingsbarn Dividend Opportunity ETF

An institutional investor recently raised its position in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC raised its position in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) by 38.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,070 shares of the company’s stock after acquiring an additional 4,772 shares during the period. Brookwood Investment Group LLC owned about 10.04% of Kingsbarn Dividend Opportunity ETF worth $369,000 as of its most recent filing with the SEC.

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.