Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Short Interest Down 66.6% in May

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 18,193 shares, a decline of 66.6% from the April 30th total of 54,465 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,234 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Cullen Enhanced Equity Income ETF

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

Cullen Enhanced Equity Income ETF Stock Performance

Shares of DIVP traded down $0.17 during trading hours on Monday, hitting $26.60. 7,879 shares of the stock were exchanged, compared to its average volume of 14,361. 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 $48.68 million, a price-to-earnings ratio of 14.21 and a beta of 0.34. The stock’s 50-day moving average price is $26.30 and its two-hundred day moving average price is $26.09.

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.