Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Shares Shorted: Short Interest Down 87.7% in October

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

Hedge Funds 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 boosted its holdings in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 109.0% in the 3rd quarter, according to the company in its most recent filing 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 quarter. Farther Finance Advisors LLC owned about 1.59% of Cullen Enhanced Equity Income ETF worth $962,000 at the end of the most recent quarter.

Cullen Enhanced Equity Income ETF Stock Down 0.2%

NYSEARCA:DIVP traded down $0.06 on Wednesday, hitting $27.31. The stock had a trading volume of 4,968 shares, compared to its average volume of 11,091. The business’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 PE ratio of 14.21 and a beta of 0.33. Cullen Enhanced Equity Income ETF has a 52 week low of $24.11 and a 52 week high of $28.12.

Cullen Enhanced Equity Income ETF Increases Dividend

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

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.