ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Stock Short Interest Falls 72.3%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 6,546 shares, a drop of 72.3% from the August 31st total of 23,641 shares. Based on an average trading volume of 14,801 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

An institutional investor recently bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy stock. Envestnet Asset Management Inc. acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,313 shares of the company’s stock, valued at approximately $442,000. Envestnet Asset Management Inc. owned about 0.08% of ETC 6 Meridian Hedged Equity Index Option Strategy as of its most recent SEC filing.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Up 0.1%

NYSEARCA SIXH traded up $0.05 during trading hours on Friday, hitting $44.40. 1,211 shares of the company were exchanged, compared to its average volume of 11,851. The stock has a 50-day moving average price of $44.14 and a 200 day moving average price of $42.94. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $44.80. The stock has a market cap of $608.28 million, a PE ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 27th were given a dividend of $0.0142 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.17 annualized dividend and a dividend yield of 0.4%. This is a decrease from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0981.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

The ETC 6 Meridian Hedged Equity-Index Option Strategy ETF (SIXH) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that provides exposure to US equities and sellscall options against SPY. SIXH was launched on May 11, 2020 and is managed by Meridian.