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

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 54,465 shares, an increase of 226.1% from the April 15th total of 16,701 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily volume of 24,252 shares, the short-interest ratio is presently 2.2 days.

Institutional Trading of Cullen Enhanced Equity Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cary Street Partners Financial LLC boosted its holdings in Cullen Enhanced Equity Income ETF by 262.4% in the fourth quarter. Cary Street Partners Financial LLC now owns 31,565 shares of the company’s stock valued at $801,000 after acquiring an additional 22,854 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in Cullen Enhanced Equity Income ETF by 4.4% in the fourth quarter. Farther Finance Advisors LLC now owns 32,109 shares of the company’s stock valued at $815,000 after acquiring an additional 1,360 shares during the last quarter. Finally, Millstone Evans Group LLC boosted its holdings in 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 acquiring an additional 3,370 shares during the last quarter.

Cullen Enhanced Equity Income ETF Stock Performance

Shares of NYSEARCA:DIVP traded down $0.15 during midday trading on Friday, hitting $26.12. 11,997 shares of the stock were exchanged, compared to its average volume of 14,938. The stock has a market capitalization of $47.80 million, a price-to-earnings ratio of 14.21 and a beta of 0.34. The business’s 50-day moving average price is $26.21 and its 200 day moving average price is $25.93. Cullen Enhanced Equity Income ETF has a 12 month low of $24.11 and a 12 month high of $27.65.

Cullen Enhanced Equity Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 26th were issued a dividend of $0.1128 per share. This represents a c) annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Thursday, February 26th.

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.