Short Interest in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Declines By 54.4%

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,833 shares, a drop of 54.4% from the June 30th total of 12,788 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 5,358 shares, the days-to-cover ratio is currently 1.1 days.

Cullen Enhanced Equity Income ETF Stock Down 0.5%

NYSEARCA DIVP traded down $0.15 during trading on Wednesday, hitting $27.84. The company’s stock had a trading volume of 7,545 shares, compared to its average volume of 12,051. The firm has a 50 day moving average price of $27.07 and a 200 day moving average price of $26.65. The firm has a market cap of $57.07 million, a P/E ratio of 14.21 and a beta of 0.32. Cullen Enhanced Equity Income ETF has a 52 week low of $24.11 and a 52 week high of $28.12.

Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF

An institutional investor recently raised its stake in Cullen Enhanced Equity Income ETF stock. Farther Finance Advisors LLC boosted its stake in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,109 shares of the company’s stock after purchasing an additional 1,360 shares during the quarter. Farther Finance Advisors LLC owned 2.01% of Cullen Enhanced Equity Income ETF worth $815,000 at the end of the most recent quarter.

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.