Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Stock Short Interest Report for September

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 14,108 shares, a decrease of 47.1% from the September 15th total of 26,687 shares. Based on an average daily volume of 11,092 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.

Cullen Enhanced Equity Income ETF Stock Performance

Cullen Enhanced Equity Income ETF stock traded up $0.16 during mid-day trading on Friday, reaching $27.06. 22,369 shares of the company were exchanged, compared to its average volume of 11,296. The firm has a market cap of $63.05 million, a P/E ratio of 14.21 and a beta of 0.33. The business has a fifty day moving average of $27.11 and a 200 day moving average of $26.90. Cullen Enhanced Equity Income ETF has a 12-month low of $24.11 and a 12-month high of $28.12.

Cullen Enhanced Equity Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were issued a $0.1868 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $2.24 annualized dividend and a dividend yield of 8.3%. This is a boost from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

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

Cullen Enhanced Equity Income ETF Company Profile

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.