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

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 12,788 shares, an increase of 164.5% from the June 15th total of 4,835 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average trading volume of 7,663 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF

An institutional investor recently raised its stake in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC boosted its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 262.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,565 shares of the company’s stock after acquiring an additional 22,854 shares during the quarter. Cary Street Partners Financial LLC owned 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

Cullen Enhanced Equity Income ETF Trading Up 0.4%

Shares of Cullen Enhanced Equity Income ETF stock opened at $27.37 on Tuesday. Cullen Enhanced Equity Income ETF has a 12-month low of $24.11 and a 12-month high of $27.65. The company has a market cap of $55.56 million, a price-to-earnings ratio of 14.21 and a beta of 0.32. The company’s 50-day moving average price is $26.81 and its 200-day moving average price is $26.50.

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.