Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Stock Short Interest Report for October

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

Kingsbarn Dividend Opportunity ETF Stock Performance

Shares of NYSEARCA DVDN traded down $0.26 during mid-day trading on Tuesday, reaching $12.53. The company’s stock had a trading volume of 2,443 shares, compared to its average volume of 1,946. The stock has a 50-day moving average of $13.70 and a two-hundred day moving average of $16.03. The stock has a market capitalization of $2.63 million, a P/E ratio of 12.45 and a beta of 0.70. Kingsbarn Dividend Opportunity ETF has a 1-year low of $12.41 and a 1-year high of $20.49.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Investors of record on Thursday, October 8th were paid a dividend of $0.4944 per share. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $1.98 annualized dividend and a yield of 15.8%. This is a drop from Kingsbarn Dividend Opportunity ETF’s previous quarterly dividend of $0.5162.

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.