ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) to Issue Monthly Dividend of $0.09

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) announced a monthly dividend on Monday, December 29th. Shareholders of record on Tuesday, December 30th will be paid a dividend of 0.089 per share on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Tuesday, December 30th. This is a 110.5% increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.04.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

NYSEARCA SIXH opened at $39.48 on Tuesday. The business has a 50 day simple moving average of $38.63 and a 200 day simple moving average of $38.67. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52-week low of $35.00 and a 52-week high of $40.06. The stock has a market cap of $507.32 million, a price-to-earnings ratio of 16.87 and a beta of 0.37.

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.