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

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 26,687 shares, a growth of 147.7% from the August 31st total of 10,776 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 14,600 shares, the days-to-cover ratio is currently 1.8 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. Cary Street Partners Financial LLC lifted its position in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 262.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,565 shares of the company’s stock after purchasing an additional 22,854 shares during the quarter. Cary Street Partners Financial LLC owned approximately 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Cullen Enhanced Equity Income ETF Price Performance

DIVP traded down $0.22 on Monday, hitting $26.48. The company had a trading volume of 10,306 shares, compared to its average volume of 11,416. Cullen Enhanced Equity Income ETF has a 1-year low of $24.11 and a 1-year high of $28.12. The stock has a market cap of $60.37 million, a price-to-earnings ratio of 14.21 and a beta of 0.31. The company’s fifty day moving average price is $27.48 and its 200 day moving average price is $26.88.

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 was Thursday, July 30th. This is a drop from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1858. This represents a $1.57 dividend on an annualized basis and a dividend yield of 5.9%.

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.