Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 1,736 shares, a decrease of 87.7% from the September 30th total of 14,108 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 9,222 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors 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 lifted its holdings in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 109.0% in the 3rd quarter, according to its most recent filing with the Securities and 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 approximately 1.59% of Cullen Enhanced Equity Income ETF worth $962,000 as of its most recent SEC filing.
Cullen Enhanced Equity Income ETF Trading Down 0.3%
Shares of Cullen Enhanced Equity Income ETF stock opened at $27.30 on Tuesday. The company’s fifty day simple moving average is $27.05 and its 200-day simple moving average is $26.79. The company 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 has a 1 year low of $24.11 and a 1 year high of $28.12.
Cullen Enhanced Equity Income ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were paid a $0.1868 dividend. The ex-dividend date of this dividend 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 dividend on an annualized basis 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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