Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Short Interest Update

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 604 shares, a growth of 122.9% from the December 31st total of 271 shares. Based on an average trading volume of 1,503 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average trading volume of 1,503 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC increased its stake in Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) by 38.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 SEC filing.

Kingsbarn Dividend Opportunity ETF Stock Down 4.2%

Shares of DVDN stock traded down $0.80 during trading hours on Friday, hitting $18.40. 4,261 shares of the company’s stock traded hands, compared to its average volume of 1,638. The stock has a market cap of $3.13 million, a PE ratio of 13.40 and a beta of 0.60. The stock’s 50 day simple moving average is $19.41 and its 200 day simple moving average is $20.75. Kingsbarn Dividend Opportunity ETF has a 12 month low of $18.33 and a 12 month high of $28.52.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.5184 dividend. The ex-dividend date was Wednesday, December 24th. This represents a $2.07 annualized dividend and a yield of 11.3%.

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.