Short Interest in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Drops By 47.7%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 2,003 shares, a drop of 47.7% from the April 15th total of 3,833 shares. Based on an average daily trading volume, of 2,096 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.2% of the company’s stock are short sold.

Kingsbarn Dividend Opportunity ETF Price Performance

NYSEARCA DVDN traded down $0.23 on Friday, hitting $16.37. 648 shares of the stock were exchanged, compared to its average volume of 1,666. The company has a market capitalization of $2.78 million, a PE ratio of 13.40 and a beta of 0.65. The business’s fifty day moving average is $17.13 and its 200 day moving average is $18.44. Kingsbarn Dividend Opportunity ETF has a 52 week low of $16.28 and a 52 week high of $23.51.

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.