Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Increases By 136.8%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 11,830 shares, a growth of 136.8% from the July 15th total of 4,995 shares. Based on an average trading volume of 6,723 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.1% of the company’s shares are sold short.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

Shares of NYSEARCA:SIXH traded up $0.11 during mid-day trading on Friday, hitting $44.22. The stock had a trading volume of 17,636 shares, compared to its average volume of 11,921. The company has a market cap of $581.49 million, a PE ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12-month low of $37.48 and a 12-month high of $44.41. The company’s 50 day moving average is $43.15 and its 200-day moving average is $42.45.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 29th were paid a dividend of $0.0981 per share. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, July 29th. This represents a c) annualized dividend and a yield of 2.7%.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

Hedge funds have recently modified their holdings of the business. HighTower Advisors LLC raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% during the fourth quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after buying an additional 156,835 shares during the period. Wealth Alliance Advisory Group LLC lifted its stake 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 worth $1,578,000 after acquiring an additional 23,343 shares in the last quarter. OLD Mission Capital LLC grew its stake in 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 acquiring an additional 6,600 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 4th quarter valued at about $327,000. Finally, Raymond James Financial Inc. acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd 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.