Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Stock Short Interest Rises 614.2%

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the target of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 12,398 shares, an increase of 614.2% from the October 15th total of 1,736 shares. Based on an average daily trading volume, of 6,723 shares, the short-interest ratio is currently 1.8 days. Approximately 0.5% of the company’s shares are short sold.

Cullen Enhanced Equity Income ETF Price Performance

Shares of DIVP stock opened at $27.70 on Wednesday. The business has a 50-day moving average of $27.00 and a 200 day moving average of $26.88. Cullen Enhanced Equity Income ETF has a 1-year low of $24.42 and a 1-year high of $28.12. The stock has a market capitalization of $63.16 million, a PE ratio of 19.07 and a beta of 0.29.

Cullen Enhanced Equity Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Thursday, October 29th were given a $0.1137 dividend. The ex-dividend date was Thursday, October 29th. This is a decrease from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1868. This represents a $1.36 annualized dividend and a yield of 4.9%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC increased its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 109.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,978 shares of the company’s stock after buying an additional 19,283 shares during the quarter. Farther Finance Advisors LLC owned 1.59% of Cullen Enhanced Equity Income ETF worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

About Cullen Enhanced Equity Income ETF

The Cullen Enhanced Equity Income ETF (DIVP) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests in large- and mid-cap US stocks with high-dividend value characteristics, while also employing covered call strategy for additional income. DIVP was launched on Mar 6, 2024 and is issued by Cullen.