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

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a significant increase in short interest in 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. Currently, 0.8% of the company’s stock are sold short. Based on an average daily volume of 1,521 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 1,521 shares, the short-interest ratio is currently 0.9 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC grew its stake in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) by 38.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,070 shares of the company’s stock after purchasing an additional 4,772 shares during the period. Brookwood Investment Group LLC owned approximately 10.04% of Kingsbarn Dividend Opportunity ETF worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Kingsbarn Dividend Opportunity ETF Stock Performance

Kingsbarn Dividend Opportunity ETF stock opened at $17.84 on Friday. Kingsbarn Dividend Opportunity ETF has a one year low of $17.51 and a one year high of $28.52. The stock has a market cap of $3.03 million, a PE ratio of 13.40 and a beta of 0.60. The stock has a 50-day moving average of $18.70 and a two-hundred day moving average of $20.21.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

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

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.