Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Shares Shorted: Short Interest Up 147.7% in September

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 26,687 shares, an increase of 147.7% from the August 31st total of 10,776 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 14,600 shares, the short-interest ratio is currently 1.8 days.

Cullen Enhanced Equity Income ETF Stock Performance

Shares of DIVP traded up $0.11 during mid-day trading on Friday, reaching $26.70. 33,088 shares of the company were exchanged, compared to its average volume of 11,423. The business has a 50 day simple moving average of $27.48 and a two-hundred day simple moving average of $26.87. The stock has a market capitalization of $60.88 million, a PE ratio of 14.21 and a beta of 0.31. Cullen Enhanced Equity Income ETF has a 52 week low of $24.11 and a 52 week high of $28.12.

Cullen Enhanced Equity Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Thursday, July 30th were issued a dividend of $0.1308 per share. This represents a $1.57 annualized dividend and a yield of 5.9%. The ex-dividend date was Thursday, July 30th. This is a negative change from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1858.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC grew its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 262.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 SEC.

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.