Short Interest in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Decreases By 64.9%

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 6,378 shares, a decline of 64.9% from the May 14th total of 18,193 shares. Based on an average daily volume of 9,191 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC acquired a new position in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,711 shares of the company’s stock, valued at approximately $220,000. Cary Street Partners Financial LLC owned 0.61% of Cullen Enhanced Equity Income ETF at the end of the most recent reporting period.

Cullen Enhanced Equity Income ETF Stock Performance

DIVP stock traded up $0.15 during trading on Friday, hitting $27.20. The stock had a trading volume of 852 shares, compared to its average volume of 13,733. The company’s 50 day moving average price is $26.49 and its two-hundred day moving average price is $26.23. Cullen Enhanced Equity Income ETF has a 1-year low of $24.11 and a 1-year high of $27.65. The stock has a market cap of $49.78 million, a price-to-earnings ratio of 14.21 and a beta of 0.33.

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.