Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Short Interest Update
by Amy Steele · The Cerbat GemCullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) saw a large drop in short interest in May. As of May 15th, there was short interest totaling 18,193 shares, a drop of 66.6% from the April 30th total of 54,465 shares. Based on an average daily volume of 30,234 shares, the short-interest ratio is presently 0.6 days. Currently, 1.0% of the company’s stock are sold short.
Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF
An institutional investor recently raised its position 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% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 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 Trading Up 0.2%
Shares of DIVP traded up $0.05 during trading hours on Friday, reaching $26.77. The stock had a trading volume of 10,829 shares, compared to its average volume of 14,426. Cullen Enhanced Equity Income ETF has a 12 month low of $24.11 and a 12 month high of $27.65. The firm has a 50-day simple moving average of $26.30 and a 200 day simple moving average of $26.08. The company has a market capitalization of $48.99 million, a price-to-earnings ratio of 14.21 and a beta of 0.34.
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. DIVP was launched on Mar 6, 2024 and is issued by Cullen.