Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Stock Short Interest Report for September

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 14,108 shares, a drop of 47.1% from the September 15th total of 26,687 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 11,092 shares, the days-to-cover ratio is currently 1.3 days.

Cullen Enhanced Equity Income ETF Trading Up 1.1%

Cullen Enhanced Equity Income ETF stock traded up $0.30 during trading on Thursday, hitting $26.90. The company had a trading volume of 1,631 shares, compared to its average volume of 11,242. The stock has a market cap of $62.68 million, a price-to-earnings ratio of 14.21 and a beta of 0.33. Cullen Enhanced Equity Income ETF has a 1-year low of $24.11 and a 1-year high of $28.12. The company’s 50 day simple moving average is $27.11 and its 200-day simple moving average is $26.90.

Cullen Enhanced Equity Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.1868 per share. This is an increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1079. This represents a $2.24 annualized dividend and a dividend yield of 8.3%. The ex-dividend date was Tuesday, September 29th.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

A hedge fund recently raised its stake 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 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,978 shares of the company’s stock after acquiring an additional 19,283 shares during the period. Farther Finance Advisors LLC owned about 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

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.