Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Rises By 137.3%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,312 shares, an increase of 137.3% from the January 29th total of 553 shares. Based on an average daily trading volume, of 1,521 shares, the short-interest ratio is presently 0.9 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 1,521 shares, the short-interest ratio is presently 0.9 days.

Kingsbarn Dividend Opportunity ETF Price Performance

Shares of NYSEARCA:DVDN opened at $17.84 on Friday. The firm’s 50 day simple moving average is $18.70 and its 200 day simple moving average is $20.21. Kingsbarn Dividend Opportunity ETF has a fifty-two week low of $17.51 and a fifty-two week high of $28.52. The company has a market capitalization of $3.03 million, a price-to-earnings ratio of 13.40 and a beta of 0.60.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were issued a $0.5184 dividend. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.07 annualized dividend and a dividend yield of 11.6%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC lifted its holdings in shares of Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) by 38.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,070 shares of the company’s stock after purchasing an additional 4,772 shares during the quarter. Brookwood Investment Group LLC owned 10.04% of Kingsbarn Dividend Opportunity ETF worth $369,000 at the end of the most recent quarter.

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.