Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Decreases By 52.4%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 5,129 shares, a drop of 52.4% from the May 14th total of 10,766 shares. Based on an average daily trading volume, of 7,130 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

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

A number of institutional investors have recently bought and sold shares of SIXH. Jane Street Group LLC acquired a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 1st quarter worth about $1,272,000. Raymond James Financial Inc. bought a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter valued at approximately $74,000. HighTower Advisors LLC raised its stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock valued at $472,585,000 after acquiring an additional 263,500 shares in the last quarter. Wealth Alliance Advisory Group LLC raised 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 acquiring an additional 23,343 shares in the last quarter. Finally, OLD Mission Capital LLC raised its stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the 4th quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock valued at $521,000 after acquiring an additional 6,600 shares in the last quarter.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

Shares of NYSEARCA:SIXH traded up $0.40 during midday trading on Friday, reaching $42.97. The company had a trading volume of 5,311 shares, compared to its average volume of 9,392. 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 firm has a market cap of $555.60 million, a price-to-earnings ratio of 16.87 and a beta of 0.31. The company has a fifty day simple moving average of $42.04 and a two-hundred day simple moving average of $41.22.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 27th were given a $0.0455 dividend. The ex-dividend date was Wednesday, May 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%.

About ETC 6 Meridian Hedged Equity Index Option Strategy

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.