Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) Short Interest Update

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 54,465 shares, an increase of 226.1% from the April 15th total of 16,701 shares. Based on an average daily trading volume, of 24,252 shares, the days-to-cover ratio is currently 2.2 days. Currently, 3.0% of the company’s stock are short sold.

Cullen Enhanced Equity Income ETF Trading Down 0.6%

DIVP stock traded down $0.15 during trading on Friday, reaching $26.12. 11,997 shares of the stock were exchanged, compared to its average volume of 14,938. The firm’s 50 day moving average is $26.21 and its 200 day moving average is $25.93. Cullen Enhanced Equity Income ETF has a twelve month low of $24.11 and a twelve month high of $27.65. The firm has a market cap of $47.80 million, a P/E ratio of 14.21 and a beta of 0.34.

Cullen Enhanced Equity Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 26th were paid a dividend of $0.1128 per share. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Thursday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DIVP. Cary Street Partners Financial LLC raised its stake in Cullen Enhanced Equity Income ETF by 262.4% during the 4th quarter. Cary Street Partners Financial LLC now owns 31,565 shares of the company’s stock worth $801,000 after buying an additional 22,854 shares during the period. Millstone Evans Group LLC raised its stake in Cullen Enhanced Equity Income ETF by 81.9% during the 3rd quarter. Millstone Evans Group LLC now owns 7,484 shares of the company’s stock worth $189,000 after buying an additional 3,370 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in Cullen Enhanced Equity Income ETF by 4.4% during the 4th quarter. Farther Finance Advisors LLC now owns 32,109 shares of the company’s stock worth $815,000 after buying an additional 1,360 shares during the period.

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.