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
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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