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 target of a large decrease in short interest in the month of September. As of September 30th, there was short interest totaling 2,220 shares, a decrease of 66.1% from the September 15th total of 6,546 shares. Based on an average daily trading volume, of 7,250 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

An institutional investor recently bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy stock. Envestnet Asset Management Inc. purchased a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,313 shares of the company’s stock, valued at approximately $442,000. Envestnet Asset Management Inc. owned 0.08% of ETC 6 Meridian Hedged Equity Index Option Strategy at the end of the most recent quarter.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Down 0.4%

NYSEARCA:SIXH traded down $0.16 on Tuesday, hitting $43.99. The stock had a trading volume of 4,932 shares, compared to its average volume of 11,751. The business’s fifty day moving average is $44.22 and its 200 day moving average is $43.11. The company has a market cap of $604.86 million, a PE ratio of 16.87 and a beta of 0.30. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $44.80.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were issued a dividend of $0.0724 per share. This is a positive change from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0142. This represents a $0.87 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, September 28th.

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.