Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Stock Short Interest Jumps 614.2%

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the target of a significant growth in short interest in October. As of October 30th, there was short interest totaling 12,398 shares, a growth of 614.2% from the October 15th total of 1,736 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 6,723 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Cullen Enhanced Equity Income ETF

An institutional investor recently raised its position in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC increased its position in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 109.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 36,978 shares of the company’s stock after purchasing 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 0.4%

NYSEARCA DIVP opened at $27.71 on Friday. The business has a fifty day simple moving average of $27.01 and a 200 day simple moving average of $26.90. Cullen Enhanced Equity Income ETF has a 12 month low of $24.42 and a 12 month high of $28.12. The firm has a market capitalization of $63.18 million, a P/E ratio of 19.07 and a beta of 0.29.

Cullen Enhanced Equity Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Thursday, October 29th were paid a $0.1137 dividend. This represents a $1.36 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Thursday, October 29th. This is a negative change from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1868.

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.