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

Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 9,700 shares, an increase of 340.9% from the May 15th total of 2,200 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 1.5 days. Currently, 1.2% of the shares of the company are sold short.

Cullen Enhanced Equity Income ETF Price Performance

Shares of Cullen Enhanced Equity Income ETF stock opened at $25.03 on Friday. The firm has a fifty day moving average price of $24.59 and a 200 day moving average price of $25.35. Cullen Enhanced Equity Income ETF has a 1 year low of $22.79 and a 1 year high of $27.15. The stock has a market cap of $20.02 million, a PE ratio of 16.84 and a beta of 0.44.

Cullen Enhanced Equity Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 28th were issued a dividend of $0.1997 per share. The ex-dividend date of this dividend was Friday, March 28th. This is a boost from Cullen Enhanced Equity Income ETF’s previous dividend of $0.09.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Cullen Enhanced Equity Income ETF stock. Millstone Evans Group LLC increased its holdings in shares of Cullen Enhanced Equity Income ETF (NYSEARCA:DIVP) by 288.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,284 shares of the company’s stock after purchasing an additional 2,439 shares during the period. Millstone Evans Group LLC owned approximately 0.44% of Cullen Enhanced Equity Income ETF worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.