Short Interest in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Grows By 315.1%

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 22,000 shares, an increase of 315.1% from the September 30th total of 5,300 shares. Based on an average trading volume of 8,300 shares, the short-interest ratio is currently 2.7 days. Approximately 1.5% of the company’s stock are sold short. Approximately 1.5% of the company’s stock are sold short. Based on an average trading volume of 8,300 shares, the short-interest ratio is currently 2.7 days.

Cullen Enhanced Equity Income ETF Trading Down 0.9%

Shares of DIVP opened at $25.03 on Wednesday. The company has a market cap of $35.54 million, a price-to-earnings ratio of 14.21 and a beta of 0.38. The business’s fifty day simple moving average is $25.25 and its two-hundred day simple moving average is $25.14. Cullen Enhanced Equity Income ETF has a 12 month low of $22.79 and a 12 month high of $27.15.

Cullen Enhanced Equity Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 29th were given a dividend of $0.099 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.7%.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

A hedge fund recently raised its stake in Cullen Enhanced Equity Income ETF stock. Millstone Evans Group LLC boosted its holdings in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 288.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,284 shares of the company’s stock after buying an additional 2,439 shares during the quarter. Millstone Evans Group LLC owned 0.44% of Cullen Enhanced Equity Income ETF worth $86,000 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.