ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Sees Significant Drop in Short Interest

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a large decrease in short interest in 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. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 7,250 shares, the days-to-cover ratio is currently 0.3 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 0.1%

SIXH traded up $0.05 during trading on Monday, hitting $44.10. 9,863 shares of the company’s stock traded hands, compared to its average volume of 11,785. The stock has a market capitalization of $606.39 million, a price-to-earnings ratio of 16.87 and a beta of 0.30. The company’s 50 day simple moving average is $44.20 and its two-hundred day simple moving average is $43.08. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12-month low of $37.48 and a 12-month high of $44.80.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, September 28th. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0142. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.0%.

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

An institutional investor recently raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy stock. BOS Asset Management LLC boosted its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) by 144.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,281 shares of the company’s stock after buying an additional 9,611 shares during the quarter. BOS Asset Management LLC owned 0.11% of ETC 6 Meridian Hedged Equity Index Option Strategy worth $714,000 at the end of the most recent quarter.

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.