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

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

Kingsbarn Dividend Opportunity ETF Price Performance

Kingsbarn Dividend Opportunity ETF stock traded down $0.26 during trading on Tuesday, reaching $12.53. 2,443 shares of the company were exchanged, compared to its average volume of 1,946. The stock’s 50 day simple moving average is $13.70 and its two-hundred day simple moving average is $16.03. The company 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 52-week low of $12.41 and a 52-week high of $20.49.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a $0.4944 dividend. 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 15.8%.

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.