Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Short Interest Down 54.4% in July

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the target of a large drop in short interest in 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. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 5,358 shares, the days-to-cover ratio is presently 1.1 days.

Cullen Enhanced Equity Income ETF Stock Performance

DIVP stock traded up $0.28 during midday trading on Tuesday, hitting $27.99. 4,970 shares of the company’s stock were exchanged, compared to its average volume of 12,083. Cullen Enhanced Equity Income ETF has a one year low of $24.11 and a one year high of $28.12. The company has a market cap of $57.38 million, a PE ratio of 14.21 and a beta of 0.32. The stock’s fifty day moving average price is $27.01 and its 200-day moving average price is $26.62.

Hedge Funds Weigh In On Cullen Enhanced Equity Income ETF

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

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.