ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Up 127.8% in June

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 6,120 shares, an increase of 127.8% from the June 15th total of 2,686 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 12,273 shares, the short-interest ratio is presently 0.5 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

Shares of NYSEARCA:SIXH opened at $43.46 on Friday. The firm has a market capitalization of $568.02 million, a PE ratio of 16.87 and a beta of 0.31. The business has a 50 day simple moving average of $42.47 and a two-hundred day simple moving average of $41.90. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1 year low of $37.48 and a 1 year high of $43.46.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 26th were paid a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.05.

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

Hedge funds have recently bought and sold shares of the business. HighTower Advisors LLC increased its stake 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 worth $486,199,000 after buying an additional 156,835 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake in shares of 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 worth $1,578,000 after purchasing an additional 23,343 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter valued at about $1,272,000. OLD Mission Capital LLC grew its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter worth $74,000.

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.