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

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 14,108 shares, a decline 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 presently 1.3 days. Approximately 0.6% of the company’s stock are short sold.

Cullen Enhanced Equity Income ETF Stock Performance

Shares of DIVP stock traded down $0.01 on Wednesday, hitting $26.39. The stock had a trading volume of 41,836 shares, compared to its average volume of 11,208. Cullen Enhanced Equity Income ETF has a 52-week low of $24.11 and a 52-week high of $28.12. The stock’s 50 day moving average is $27.14 and its 200-day moving average is $26.89. The firm has a market capitalization of $61.49 million, a price-to-earnings ratio of 14.21 and a beta of 0.33.

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Cullen Enhanced Equity Income ETF Increases Dividend

The firm 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. This represents a $2.24 annualized dividend and a dividend yield of 8.5%. This is an increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079. The ex-dividend date of this dividend was Tuesday, September 29th.

Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF

An institutional investor recently raised its stake in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC grew its position in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 109.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 about 1.59% of Cullen Enhanced Equity Income ETF worth $962,000 as of its most recent SEC filing.

About Cullen Enhanced Equity Income ETF

(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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