ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Up 2,914.6% in April

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,447 shares, a growth of 2,914.6% from the April 15th total of 48 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 8,303 shares, the short-interest ratio is currently 0.2 days.

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

Shares of NYSEARCA SIXH traded down $0.17 during trading hours on Wednesday, hitting $41.75. 1,396 shares of the company traded hands, compared to its average volume of 10,013. The stock has a market capitalization of $539.83 million, a price-to-earnings ratio of 16.87 and a beta of 0.32. The company’s 50 day moving average price is $42.14 and its 200 day moving average price is $40.61. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12 month low of $37.30 and a 12 month high of $43.32.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 28th were given a dividend of $0.0918 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This represents a c) annualized dividend and a dividend yield of 2.6%. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.07.

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

Several large investors have recently modified their holdings of the stock. OLD Mission Capital LLC increased its position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the 4th quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock valued at $521,000 after purchasing an additional 6,600 shares during the last quarter. Jane Street Group LLC bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the 4th quarter valued at $327,000. HighTower Advisors LLC grew its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% in the 4th 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 during the last quarter. Wealth Alliance Advisory Group LLC grew its position in 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 during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter valued at about $74,000.

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.