Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Sees Significant Decrease in Short Interest

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVPGet Free Report) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 6,378 shares, a decrease of 64.9% from the May 14th total of 18,193 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 9,191 shares, the short-interest ratio is presently 0.7 days.

Cullen Enhanced Equity Income ETF Stock Up 0.6%

Shares of DIVP traded up $0.15 on Friday, reaching $27.20. The stock had a trading volume of 852 shares, compared to its average volume of 13,733. The firm has a market capitalization of $49.78 million, a PE ratio of 14.21 and a beta of 0.33. The firm has a 50-day moving average of $26.49 and a 200 day moving average of $26.23. Cullen Enhanced Equity Income ETF has a twelve month low of $24.11 and a twelve month high of $27.65.

Institutional Investors Weigh In On Cullen Enhanced Equity Income ETF

A hedge fund recently raised its stake in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC grew its holdings in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVPFree Report) by 262.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Cullen Enhanced Equity Income ETF Company Profile

(Get Free Report)

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.

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