Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Shares Shorted: Short Interest Up 614.2% in October

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the recipient of a significant growth in short interest in the month of 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. Based on an average trading volume of 6,723 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.5% of the company’s shares are sold short.

Cullen Enhanced Equity Income ETF Trading Up 0.4%

Shares of NYSEARCA:DIVP opened at $27.70 on Wednesday. The company has a 50-day moving average price of $27.00 and a 200-day moving average price of $26.88. The company has a market cap of $63.16 million, a price-to-earnings ratio of 19.07 and a beta of 0.29. Cullen Enhanced Equity Income ETF has a 12 month low of $24.42 and a 12 month high of $28.12.

Cullen Enhanced Equity Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Thursday, October 29th were issued a dividend of $0.1137 per share. The ex-dividend date was Thursday, October 29th. This represents a $1.36 dividend on an annualized basis and a yield of 4.9%. This is a drop from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1868.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC grew its holdings in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 109.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 36,978 shares of the company’s stock after buying 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 at the end of the most recent quarter.

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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