Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Sees Large Drop in Short Interest

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 1,736 shares, a decrease of 87.7% from the September 30th total of 14,108 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 9,222 shares, the days-to-cover ratio is presently 0.2 days.

Cullen Enhanced Equity Income ETF Stock Down 0.2%

Shares of NYSEARCA DIVP opened at $27.31 on Thursday. Cullen Enhanced Equity Income ETF has a 52 week low of $24.11 and a 52 week high of $28.12. The firm’s fifty day moving average is $27.04 and its 200 day moving average is $26.81. The company has a market cap of $62.27 million, a price-to-earnings ratio of 14.21 and a beta of 0.33.

Cullen Enhanced Equity Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were issued a $0.1868 dividend. This is a boost from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.24 dividend on an annualized basis and a yield of 8.2%.

Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF

An institutional investor recently raised its stake in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC lifted its position in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 109.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,978 shares of the company’s stock after purchasing an additional 19,283 shares during the period. Farther Finance Advisors LLC owned 1.59% of Cullen Enhanced Equity Income ETF worth $962,000 as of its most recent SEC filing.

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.