Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 30th, there was short interest totaling 555 shares, a decline of 95.7% from the October 15th total of 12,927 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 6,200 shares, the short-interest ratio is presently 0.1 days.
Kingsbarn Dividend Opportunity ETF Trading Down 2.7%
Shares of Kingsbarn Dividend Opportunity ETF stock traded down $0.33 during trading hours on Thursday, hitting $12.00. 473 shares of the company were exchanged, compared to its average volume of 1,931. Kingsbarn Dividend Opportunity ETF has a 1 year low of $12.00 and a 1 year high of $20.49. The business has a 50-day moving average of $13.57 and a 200-day moving average of $15.96. The stock has a market capitalization of $2.52 million, a price-to-earnings ratio of 12.45 and a beta of 0.70.
Kingsbarn Dividend Opportunity ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were paid a dividend of $0.4944 per share. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5162. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 16.5%.
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.
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