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

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) saw a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 9,212 shares, a growth of 687.4% from the June 15th total of 1,170 shares. Based on an average daily trading volume, of 2,151 shares, the short-interest ratio is presently 4.3 days. Approximately 5.4% of the shares of the company are sold short.

Kingsbarn Dividend Opportunity ETF Stock Performance

NYSEARCA DVDN remained flat at $15.79 during trading hours on Monday. The company had a trading volume of 5,452 shares, compared to its average volume of 1,726. Kingsbarn Dividend Opportunity ETF has a 52 week low of $15.60 and a 52 week high of $23.43. The stock has a 50 day moving average price of $16.58 and a 200 day moving average price of $17.48. The company has a market capitalization of $2.68 million, a P/E ratio of 13.40 and a beta of 0.60.

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.