Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Stock Short Interest Drops 47.1%

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

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC raised its stake 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 filing with the Securities and Exchange Commission. The fund owned 36,978 shares of the company’s stock after buying an additional 19,283 shares during the period. Farther Finance Advisors LLC owned about 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 0.0%

Shares of NYSEARCA:DIVP traded down $0.01 during midday trading on Wednesday, reaching $26.39. The company’s stock had a trading volume of 41,836 shares, compared to its average volume of 11,208. Cullen Enhanced Equity Income ETF has a 12-month low of $24.11 and a 12-month high of $28.12. The firm has a 50 day moving average of $27.14 and a 200-day moving average of $26.89. The firm has a market capitalization of $61.49 million, a P/E ratio of 14.21 and a beta of 0.33.

Cullen Enhanced Equity Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a $0.1868 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $2.24 annualized dividend and a dividend yield of 8.5%. This is a boost from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079.

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.