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

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 1,274 shares, a decrease of 36.4% from the April 30th total of 2,003 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average trading volume of 1,512 shares, the days-to-cover ratio is presently 0.8 days.

Kingsbarn Dividend Opportunity ETF Price Performance

Shares of Kingsbarn Dividend Opportunity ETF stock opened at $16.78 on Wednesday. The stock has a market cap of $2.85 million, a PE ratio of 13.40 and a beta of 0.65. The firm has a fifty day moving average price of $16.97 and a 200 day moving average price of $18.18. Kingsbarn Dividend Opportunity ETF has a 1 year low of $16.28 and a 1 year high of $23.51.

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.