ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Shares Shorted: Short Interest Down 77.4% in October

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 632 shares, a drop of 77.4% from the October 15th total of 2,800 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 13,175 shares, the days-to-cover ratio is currently 0.0 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

Shares of SIXH stock opened at $45.87 on Thursday. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $38.06 and a 52 week high of $46.13. The stock’s fifty day moving average is $44.60 and its 200-day moving average is $43.11. The stock has a market capitalization of $643.08 million, a PE ratio of 18.07 and a beta of 0.29.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were issued a dividend of $0.1217 per share. The ex-dividend date of this dividend was Wednesday, October 28th. This represents a $1.46 annualized dividend and a yield of 3.2%. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0724.

Institutional Investors Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

A number of institutional investors have recently made changes to their positions in SIXH. Signal Advisors Wealth LLC bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the 3rd quarter worth approximately $269,000. Envestnet Asset Management Inc. acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter valued at approximately $442,000. BOS Asset Management LLC increased its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 144.1% during the third quarter. BOS Asset Management LLC now owns 16,281 shares of the company’s stock worth $714,000 after acquiring an additional 9,611 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the third quarter worth $1,116,000. Finally, Diversified Trust Co bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the third quarter worth $2,109,000.

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.