ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Update

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 11,830 shares, a growth of 136.8% from the July 15th total of 4,995 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 6,723 shares, the short-interest ratio is currently 1.8 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. HighTower Advisors LLC raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% during the 4th quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock worth $486,199,000 after buying an additional 156,835 shares during the last quarter. Wealth Alliance Advisory Group LLC lifted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during 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 during the period. OLD Mission Capital LLC boosted its holdings 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 during the last quarter. Jane Street Group LLC purchased a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 4th quarter valued at $327,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter worth $74,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

SIXH traded up $0.11 on Friday, reaching $44.22. 17,636 shares of the stock were exchanged, compared to its average volume of 11,921. The company’s 50-day moving average price is $43.20 and its 200 day moving average price is $42.46. The firm has a market capitalization of $581.49 million, a PE ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a fifty-two week low of $37.48 and a fifty-two week high of $44.41.

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. Stockholders of record on Wednesday, July 29th were paid a $0.0981 dividend. The ex-dividend date 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) annualized dividend and a dividend yield of 2.7%.

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.