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

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a significant increase in short interest in 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. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 1,503 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 1,503 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are short sold.

Kingsbarn Dividend Opportunity ETF Stock Performance

Shares of NYSEARCA DVDN traded down $0.80 during trading hours on Friday, hitting $18.40. 4,261 shares of the stock were exchanged, compared to its average volume of 1,638. The company’s fifty day simple moving average is $19.41 and its two-hundred day simple moving average is $20.76. Kingsbarn Dividend Opportunity ETF has a 1-year low of $18.33 and a 1-year high of $28.52. The company has a market cap of $3.13 million, a PE ratio of 13.40 and a beta of 0.60.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were paid a $0.5184 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.07 annualized dividend and a yield of 11.3%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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. The institutional investor purchased 12,298 shares of the company’s stock, valued at approximately $282,000. Brookwood Investment Group LLC owned about 8.78% of Kingsbarn Dividend Opportunity ETF as of its most recent filing with the Securities and Exchange Commission.

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.