Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 6,378 shares, a drop of 64.9% from the May 14th total of 18,193 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 9,191 shares, the short-interest ratio is currently 0.7 days.
Institutional Trading of Cullen Enhanced Equity Income ETF
A hedge fund recently raised its stake in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC increased its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) by 262.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,565 shares of the company’s stock after purchasing an additional 22,854 shares during the period. Cary Street Partners Financial LLC owned 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 at the end of the most recent reporting period.
Cullen Enhanced Equity Income ETF Stock Up 0.6%
Shares of Cullen Enhanced Equity Income ETF stock traded up $0.15 during trading hours on Friday, hitting $27.20. 852 shares of the company’s stock traded hands, compared to its average volume of 13,733. The stock has a 50 day simple moving average of $26.49 and a 200-day simple moving average of $26.23. The company has a market cap of $49.78 million, a PE ratio of 14.21 and a beta of 0.33. Cullen Enhanced Equity Income ETF has a twelve month low of $24.11 and a twelve month high of $27.65.
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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