Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Stock Short Interest Declines 95.7%

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the target of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 555 shares, a decline of 95.7% from the October 15th total of 12,927 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 6,200 shares, the days-to-cover ratio is currently 0.1 days.

Kingsbarn Dividend Opportunity ETF Trading Down 0.7%

Shares of Kingsbarn Dividend Opportunity ETF stock traded down $0.09 on Wednesday, reaching $12.45. 116 shares of the company were exchanged, compared to its average volume of 1,937. Kingsbarn Dividend Opportunity ETF has a fifty-two week low of $12.41 and a fifty-two week high of $20.49. The firm has a market capitalization of $2.61 million, a price-to-earnings ratio of 12.45 and a beta of 0.70. The stock has a fifty day moving average price of $13.70 and a 200-day moving average price of $16.03.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a dividend of $0.4944 per share. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5162. This represents a $1.98 dividend on an annualized basis and a yield of 15.9%. The ex-dividend date of this dividend was Thursday, October 8th.

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.