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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a significant increase in short interest in July. As of July 31st, there was short interest totaling 11,830 shares, an increase of 136.8% from the July 15th total of 4,995 shares. Based on an average daily 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 short sold.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 0.2%

NYSEARCA:SIXH traded up $0.11 during trading hours on Friday, hitting $44.22. The company had a trading volume of 17,636 shares, compared to its average volume of 11,921. The company has a 50-day moving average of $43.20 and a 200 day moving average of $42.46. The company has a market cap of $581.49 million, a P/E ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1 year low of $37.48 and a 1 year high of $44.41.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

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

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

A number of institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter valued at about $74,000. Jane Street Group LLC acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the fourth quarter valued at approximately $327,000. OLD Mission Capital LLC grew its position 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 acquiring an additional 6,600 shares during the period. Wealth Alliance Advisory Group LLC grew its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the fourth 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 during the period. Finally, HighTower Advisors LLC increased its stake 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 worth $486,199,000 after acquiring an additional 156,835 shares during the last 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.