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 increase in short interest in October. As of October 30th, there was short interest totaling 12,398 shares, an increase of 614.2% from the October 15th total of 1,736 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 6,723 shares, the short-interest ratio is presently 1.8 days.

Cullen Enhanced Equity Income ETF Price Performance

Shares of NYSEARCA DIVP traded down $0.10 during midday trading on Thursday, hitting $27.71. The stock had a trading volume of 3,372 shares, compared to its average volume of 10,768. The company’s 50-day simple moving average is $27.00 and its 200 day simple moving average is $26.89. The firm has a market cap of $63.18 million, a P/E ratio of 19.07 and a beta of 0.29. Cullen Enhanced Equity Income ETF has a fifty-two week low of $24.42 and a fifty-two week high of $28.12.

Cullen Enhanced Equity Income ETF Cuts Dividend

The firm 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 is a drop from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.1868. The ex-dividend date of this dividend was Thursday, October 29th. This represents a $1.36 annualized dividend and a dividend yield of 4.9%.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

An institutional investor recently bought a new position in Cullen Enhanced Equity Income ETF stock. Harbour Investments Inc. bought a new stake in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 1,858 shares of the company’s stock, valued at approximately $48,000. Harbour Investments Inc. owned about 0.08% of Cullen Enhanced Equity Income ETF 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.