Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 5,833 shares, a decline of 54.4% from the June 30th total of 12,788 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 5,358 shares, the days-to-cover ratio is presently 1.1 days.
Cullen Enhanced Equity Income ETF Stock Performance
Shares of NYSEARCA DIVP traded down $0.48 during mid-day trading on Thursday, hitting $27.36. The stock had a trading volume of 7,417 shares, compared to its average volume of 12,013. The firm has a market cap of $56.91 million, a PE ratio of 14.21 and a beta of 0.32. The company has a 50 day moving average of $27.07 and a two-hundred day moving average of $26.65. Cullen Enhanced Equity Income ETF has a twelve month low of $24.11 and a twelve month high of $28.12.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC lifted its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 262.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 about 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 as of its most recent SEC filing.
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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