ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Down 47.6% in June

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,686 shares, a drop of 47.6% from the May 31st total of 5,129 shares. Based on an average trading volume of 7,130 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the shares of the company are sold short.

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

Several hedge funds have recently bought and sold shares of SIXH. HighTower Advisors LLC lifted its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% in the fourth quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock valued at $486,199,000 after purchasing an additional 156,835 shares during the last quarter. Wealth Alliance Advisory Group LLC boosted 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 purchasing an additional 23,343 shares during the period. Jane Street Group LLC bought a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the first quarter worth $1,272,000. OLD Mission Capital LLC raised its stake in shares of 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 valued at $521,000 after acquiring an additional 6,600 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter worth about $74,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 0.7%

NYSEARCA:SIXH traded up $0.32 on Thursday, hitting $43.01. The company had a trading volume of 7,821 shares, compared to its average volume of 9,766. The firm has a 50 day moving average of $42.19 and a two-hundred day moving average of $41.60. The stock has a market capitalization of $559.13 million, a price-to-earnings 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 $43.32.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were issued a dividend of $0.0797 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a c) dividend on an annualized basis and a yield of 2.2%. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.05.

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.