Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 54,465 shares, a growth of 226.1% from the April 15th total of 16,701 shares. Currently, 3.0% of the shares of the stock are short sold. Based on an average daily volume of 24,252 shares, the days-to-cover ratio is currently 2.2 days.
Institutional Trading of Cullen Enhanced Equity Income ETF
Large investors have recently modified their holdings of the business. Millstone Evans Group LLC grew its position in shares of Cullen Enhanced Equity Income ETF by 81.9% in the third quarter. Millstone Evans Group LLC now owns 7,484 shares of the company’s stock valued at $189,000 after purchasing an additional 3,370 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Cullen Enhanced Equity Income ETF in the third quarter valued at approximately $220,000. Finally, Farther Finance Advisors LLC boosted its position in Cullen Enhanced Equity Income ETF by 4.4% during the fourth quarter. Farther Finance Advisors LLC now owns 32,109 shares of the company’s stock worth $815,000 after acquiring an additional 1,360 shares during the last quarter.
Cullen Enhanced Equity Income ETF Trading Up 0.3%
Shares of DIVP stock traded up $0.08 during trading hours on Thursday, hitting $26.27. The company’s stock had a trading volume of 1,137 shares, compared to its average volume of 14,970. The business has a fifty day moving average of $26.22 and a 200-day moving average of $25.93. The stock has a market cap of $48.07 million, a price-to-earnings ratio of 14.21 and a beta of 0.34. Cullen Enhanced Equity Income ETF has a twelve month low of $24.11 and a twelve month high of $27.65.
Cullen Enhanced Equity Income ETF Cuts Dividend
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.
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