Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN) Sees Significant Decrease in Short Interest

by · The Markets Daily

Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN – Get Free Report) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 271 shares, a decrease of 85.6% from the December 15th total of 1,883 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average trading volume of 3,251 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 3,251 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Kingsbarn Dividend Opportunity ETF stock. Brookwood Investment Group LLC acquired a new position in shares of Kingsbarn Dividend Opportunity ETF (NYSEARCA:DVDN – Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,298 shares of the company’s stock, valued at approximately $282,000. Brookwood Investment Group LLC owned about 8.78% of Kingsbarn Dividend Opportunity ETF at the end of the most recent quarter.

Kingsbarn Dividend Opportunity ETF Stock Up 0.3%

NYSEARCA:DVDN traded up $0.05 on Tuesday, hitting $18.88. The stock had a trading volume of 1,776 shares, compared to its average volume of 1,354. The business’s 50-day simple moving average is $19.50 and its two-hundred day simple moving average is $21.10. Kingsbarn Dividend Opportunity ETF has a 52-week low of $18.60 and a 52-week high of $28.52. The stock has a market cap of $3.21 million, a price-to-earnings ratio of 13.40 and a beta of 0.60.

Kingsbarn Dividend Opportunity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.5184 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $2.07 dividend on an annualized basis and a dividend yield of 11.0%.

Kingsbarn Dividend Opportunity ETF Company Profile

(Get Free Report)

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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