Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Get Free Report) was the recipient 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. Based on an average daily trading volume, of 30,234 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.0% of the shares of the stock are sold short.
Cullen Enhanced Equity Income ETF Price Performance
Shares of DIVP stock traded up $0.05 during mid-day trading on Friday, hitting $26.77. The company had a trading volume of 10,829 shares, compared to its average volume of 14,426. Cullen Enhanced Equity Income ETF has a 52-week low of $24.11 and a 52-week high of $27.65. The stock’s 50 day moving average price is $26.30 and its 200-day moving average price is $26.08. The company has a market capitalization of $48.99 million, a P/E ratio of 14.21 and a beta of 0.34.
Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF
A hedge fund recently bought a new stake in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC bought a new position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,711 shares of the company’s stock, valued at approximately $220,000. Cary Street Partners Financial LLC owned approximately 0.61% of Cullen Enhanced Equity Income ETF as of its most recent filing with the Securities & Exchange Commission.
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.
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