Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Shares Shorted: Short Interest Up 121.1% in September

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 5,850 shares, an increase of 121.1% from the August 31st total of 2,646 shares. Based on an average trading volume of 3,133 shares, the short-interest ratio is currently 1.9 days. Currently, 3.4% of the shares of the stock are short sold.

Kingsbarn Dividend Opportunity ETF Trading Down 1.1%

NYSEARCA DVDN traded down $0.15 during trading on Monday, hitting $14.02. 35 shares of the company’s stock were exchanged, compared to its average volume of 1,735. The company has a market cap of $2.38 million, a PE ratio of 13.40 and a beta of 0.61. Kingsbarn Dividend Opportunity ETF has a fifty-two week low of $14.02 and a fifty-two week high of $21.95. The stock’s 50 day moving average price is $15.27 and its two-hundred day moving average price is $16.21.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a dividend of $0.5162 per share. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5498. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $2.06 annualized dividend and a dividend yield of 14.7%.

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.