Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN – Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 12,927 shares, a growth of 222.6% from the September 30th total of 4,007 shares. Currently, 7.6% of the shares of the company are sold short. Based on an average daily volume of 2,026 shares, the short-interest ratio is currently 6.4 days.
Kingsbarn Dividend Opportunity ETF Trading Down 0.5%
Kingsbarn Dividend Opportunity ETF stock traded down $0.06 during trading on Friday, hitting $12.95. The company had a trading volume of 1,402 shares, compared to its average volume of 1,985. The stock has a market cap of $2.20 million, a price-to-earnings ratio of 13.40 and a beta of 0.66. Kingsbarn Dividend Opportunity ETF has a 1-year low of $12.41 and a 1-year high of $20.49. The company’s 50 day simple moving average is $14.14 and its 200-day simple moving average is $16.29.
Kingsbarn Dividend Opportunity ETF Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders 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. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 15.3%.
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.
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