Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the target of a significant 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 short sold. Based on an average daily trading volume, of 9,222 shares, the short-interest ratio is presently 0.2 days.
Institutional Trading of 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 shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 109.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,978 shares of the company’s stock after acquiring 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 SEC filing.
Cullen Enhanced Equity Income ETF Stock Down 0.3%
NYSEARCA:DIVP opened at $27.30 on Tuesday. The company’s 50 day moving average price is $27.05 and its 200-day moving average price is $26.79. Cullen Enhanced Equity Income ETF has a 52 week low of $24.11 and a 52 week high of $28.12. The stock has a market cap of $62.26 million, a price-to-earnings ratio of 14.21 and a beta of 0.33.
Cullen Enhanced Equity Income ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.1868 dividend. The ex-dividend date was Tuesday, September 29th. This is a boost from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079. This represents a $2.24 annualized dividend and a 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.
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