Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Grows By 165.9%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXHGet Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 23,641 shares, an increase of 165.9% from the August 15th total of 8,891 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 11,456 shares, the days-to-cover ratio is presently 2.1 days.

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

Shares of NYSEARCA:SIXH traded up $0.01 during trading on Monday, hitting $44.57. 2,895 shares of the company were exchanged, compared to its average volume of 11,950. ETC 6 Meridian Hedged Equity Index Option Strategy has a fifty-two week low of $37.48 and a fifty-two week high of $44.80. The stock has a market cap of $586.10 million, a price-to-earnings ratio of 16.87 and a beta of 0.31. The firm has a fifty day moving average price of $43.89 and a two-hundred day moving average price of $42.84.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, August 27th were issued a dividend of $0.0142 per share. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, August 27th.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

A hedge fund recently raised its stake in ETC 6 Meridian Hedged Equity Index Option Strategy stock. HighTower Advisors LLC increased its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXHFree Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 12,378,415 shares of the company’s stock after purchasing an additional 156,835 shares during the period. HighTower Advisors LLC owned 97.09% of ETC 6 Meridian Hedged Equity Index Option Strategy worth $486,199,000 as of its most recent filing with the SEC.

About ETC 6 Meridian Hedged Equity Index Option Strategy

(Get Free Report)

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.

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