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

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 26,687 shares, an increase of 147.7% from the August 31st total of 10,776 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

A hedge fund recently raised its stake in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC raised its holdings in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 262.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,565 shares of the company’s stock after buying an additional 22,854 shares during the quarter. Cary Street Partners Financial LLC owned 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 as of its most recent SEC filing.

Cullen Enhanced Equity Income ETF Stock Up 0.4%

DIVP traded up $0.11 during trading on Friday, reaching $26.70. 33,088 shares of the stock traded hands, compared to its average volume of 11,423. The stock has a market capitalization of $60.88 million, a PE ratio of 14.21 and a beta of 0.31. The stock’s 50-day moving average is $27.48 and its 200 day moving average is $26.87. 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 Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Thursday, July 30th were paid a $0.1308 dividend. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $1.57 dividend on an annualized basis and a dividend yield of 5.9%. This is a negative change from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1858.

Cullen Enhanced Equity Income ETF Company Profile

(Get Free Report)

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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