Short Interest in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Expands By 92.4%

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,223 shares, an increase of 92.4% from the July 15th total of 5,833 shares. Based on an average daily volume of 5,565 shares, the short-interest ratio is presently 2.0 days. Currently, 0.5% of the shares of the stock are sold short.

Cullen Enhanced Equity Income ETF Price Performance

Shares of DIVP stock traded up $0.07 during trading on Friday, hitting $27.83. 2,571 shares of the stock traded hands, compared to its average volume of 11,591. Cullen Enhanced Equity Income ETF has a 52-week low of $24.11 and a 52-week high of $28.12. The firm has a market capitalization of $57.89 million, a P/E ratio of 14.21 and a beta of 0.31. The firm’s fifty day moving average price is $27.24 and its 200-day moving average price is $26.78.

Institutional Trading of Cullen Enhanced Equity Income ETF

A hedge fund recently raised its position in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC raised its holdings 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 SEC. The firm owned 31,565 shares of the company’s stock after purchasing an additional 22,854 shares during the quarter. Cary Street Partners Financial LLC owned about 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 as of its most recent filing with the SEC.

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.