ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Sees Large Decrease in Short Interest

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 2,686 shares, a drop of 47.6% from the May 31st total of 5,129 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 7,130 shares, the days-to-cover ratio is presently 0.4 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Down 0.0%

Shares of NYSEARCA SIXH opened at $43.09 on Tuesday. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1-year low of $37.48 and a 1-year high of $43.32. The company has a 50-day moving average of $42.16 and a two-hundred day moving average of $41.55. The company has a market cap of $557.15 million, a PE ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 26th will be issued a $0.0797 dividend. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, June 26th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after buying an additional 156,835 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock valued at $1,578,000 after buying an additional 23,343 shares during the period. Jane Street Group LLC acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter valued at $1,272,000. OLD Mission Capital LLC raised its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter worth $74,000.

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.