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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 632 shares, a drop of 77.4% from the October 15th total of 2,800 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 13,175 shares, the short-interest ratio is currently 0.0 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Down 0.0%

Shares of NYSEARCA:SIXH traded down $0.01 during mid-day trading on Friday, reaching $45.78. The stock had a trading volume of 9,358 shares, compared to its average volume of 12,090. The firm has a 50 day simple moving average of $44.65 and a two-hundred day simple moving average of $43.17. ETC 6 Meridian Hedged Equity Index Option Strategy has a twelve month low of $38.06 and a twelve month high of $46.13. The firm has a market cap of $641.84 million, a PE ratio of 18.07 and a beta of 0.29.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were paid a $0.1217 dividend. The ex-dividend date of this dividend was Wednesday, October 28th. This is a boost from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0724. This represents a $1.46 annualized dividend and a yield of 3.2%.

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

Several large investors have recently bought and sold shares of SIXH. HighTower Advisors LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 3rd quarter valued at $567,578,000. Diversified Trust Co acquired a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 3rd quarter worth $2,109,000. Brighton Jones LLC bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the third quarter worth about $1,116,000. Signal Advisors Wealth LLC bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the third quarter worth about $269,000. Finally, BOS Asset Management LLC lifted its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 144.1% during the third quarter. BOS Asset Management LLC now owns 16,281 shares of the company’s stock worth $714,000 after acquiring an additional 9,611 shares in the last quarter.

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.