Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Sees Significant Growth in Short Interest

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) saw a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 12,788 shares, an increase of 164.5% from the June 15th total of 4,835 shares. Based on an average daily volume of 7,663 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Cullen Enhanced Equity Income ETF stock. Cary Street Partners Financial LLC boosted its position in Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 262.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,565 shares of the company’s stock after buying an additional 22,854 shares during the quarter. Cary Street Partners Financial LLC owned approximately 1.91% of Cullen Enhanced Equity Income ETF worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Cullen Enhanced Equity Income ETF Price Performance

NYSEARCA DIVP opened at $27.37 on Tuesday. The stock has a market capitalization of $55.56 million, a P/E ratio of 14.21 and a beta of 0.32. The business has a 50 day simple moving average of $26.81 and a 200 day simple moving average of $26.50. Cullen Enhanced Equity Income ETF has a one year low of $24.11 and a one year high of $27.65.

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.