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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 10,766 shares, a growth of 644.0% from the April 30th total of 1,447 shares. Based on an average daily volume of 5,350 shares, the short-interest ratio is currently 2.0 days. Currently, 0.1% of the shares of the company are sold short.

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

Several institutional investors have recently made changes to their positions in SIXH. HighTower Advisors LLC raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% during the third quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock valued at $472,585,000 after purchasing an additional 263,500 shares in the last quarter. Jane Street Group LLC acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the first quarter valued at approximately $1,272,000. OLD Mission Capital LLC raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the fourth 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 in the last quarter. Raymond James Financial Inc. acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter valued at approximately $74,000. Finally, Wealth Alliance Advisory Group LLC raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock valued at $1,578,000 after purchasing an additional 23,343 shares in the last quarter.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

ETC 6 Meridian Hedged Equity Index Option Strategy stock traded down $0.15 during midday trading on Thursday, reaching $42.10. 4,478 shares of the company’s stock were exchanged, compared to its average volume of 9,759. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $43.32. The firm has a market cap of $544.35 million, a price-to-earnings ratio of 16.87 and a beta of 0.32. The stock’s 50-day simple moving average is $42.02 and its 200 day simple moving average is $40.93.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

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

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.