It is traditionally believed that monastery Divša (Djipša) is the endowment of Despot Jovan Branković, whose death at the very beginning of the 16th century marked the end of dynasty of Srem Brankovićis. First historical data about the monastery date back to the 16th century. The monastery church is dedicated to transfer of relics of Saint Nicholas. Monastery church was restored by the middle of the 18th century.
A new iconostasis was painted by Teodor Stefanov Gologlavac. The monastery was severely damaged during the World War II. Some parts of iconostasis that have been preserved until today are kept in the Gallery of Church Art in Sremska Mitrovica. A new iconostasis is the work of iconographic workshop Minić.