ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Update

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 6,546 shares, a decrease of 72.3% from the August 31st total of 23,641 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,801 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy stock. Envestnet Asset Management Inc. purchased a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,313 shares of the company’s stock, valued at approximately $442,000. Envestnet Asset Management Inc. owned about 0.08% of ETC 6 Meridian Hedged Equity Index Option Strategy at the end of the most recent reporting period.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

ETC 6 Meridian Hedged Equity Index Option Strategy stock traded down $0.09 during trading hours on Monday, reaching $44.31. The stock had a trading volume of 9,856 shares, compared to its average volume of 11,840. The stock has a market cap of $607.05 million, a PE ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $44.80. The company has a fifty day simple moving average of $44.14 and a 200-day simple moving average of $42.95.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th will be issued a dividend of $0.0724 per share. 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%. The ex-dividend date is Monday, September 28th.

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.