Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Decreases By 42.6%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 2,646 shares, a decrease of 42.6% from the August 15th total of 4,609 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 1,857 shares, the short-interest ratio is currently 1.4 days.

Kingsbarn Dividend Opportunity ETF Stock Up 0.7%

Shares of Kingsbarn Dividend Opportunity ETF stock opened at $14.76 on Friday. Kingsbarn Dividend Opportunity ETF has a 12 month low of $14.65 and a 12 month high of $22.60. The stock has a market cap of $14.75 million, a PE ratio of 13.40 and a beta of 0.61. The business has a fifty day simple moving average of $15.48 and a 200-day simple moving average of $16.38.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a dividend of $0.5162 per share. The ex-dividend date was Thursday, July 9th. This represents a $2.06 dividend on an annualized basis and a yield of 14.0%.

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.