Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Expands By 136.8%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 11,830 shares, an increase of 136.8% from the July 15th total of 4,995 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,723 shares, the days-to-cover ratio is presently 1.8 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 0.2%

SIXH stock traded up $0.11 during midday trading on Friday, reaching $44.22. The company had a trading volume of 17,636 shares, compared to its average volume of 11,921. The company has a 50 day moving average of $43.15 and a two-hundred day moving average of $42.45. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1 year low of $37.48 and a 1 year high of $44.41. The company has a market capitalization of $581.49 million, a P/E ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Wednesday, July 29th were given a dividend of $0.0981 per share. The ex-dividend date of this dividend was Wednesday, July 29th. This is a positive change from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.08. This represents a c) dividend on an annualized basis and a yield of 2.7%.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter valued at about $74,000. Jane Street Group LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 4th quarter valued at approximately $327,000. OLD Mission Capital LLC increased its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after buying an additional 6,600 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after buying an additional 23,343 shares during the last quarter. Finally, HighTower Advisors LLC raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after acquiring an additional 156,835 shares in the last quarter.

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.