Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Short Interest Up 315.1% in October

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

Institutional Trading of Cullen Enhanced Equity Income ETF

A hedge fund recently raised its stake in Cullen Enhanced Equity Income ETF stock. Millstone Evans Group LLC increased its holdings in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 81.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,484 shares of the company’s stock after purchasing an additional 3,370 shares during the quarter. Millstone Evans Group LLC owned 0.53% of Cullen Enhanced Equity Income ETF worth $189,000 at the end of the most recent quarter.

Cullen Enhanced Equity Income ETF Trading Down 0.8%

Shares of Cullen Enhanced Equity Income ETF stock opened at $24.47 on Friday. The company’s 50-day moving average price is $25.20 and its two-hundred day moving average price is $25.15. Cullen Enhanced Equity Income ETF has a 52 week low of $22.79 and a 52 week high of $27.15. The stock has a market cap of $34.75 million, a PE ratio of 14.21 and a beta of 0.38.

Cullen Enhanced Equity Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Thursday, October 30th will be issued a $0.1423 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, October 30th. This is an increase from Cullen Enhanced Equity Income ETF’s previous monthly dividend of $0.10.

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.