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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,120 shares, a growth of 127.8% from the June 15th total of 2,686 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 12,273 shares, the days-to-cover ratio is presently 0.5 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 1.2%

SIXH traded up $0.51 during trading hours on Thursday, hitting $43.46. The company’s stock had a trading volume of 10,308 shares, compared to its average volume of 10,113. The business’s 50-day moving average price is $42.44 and its 200-day moving average price is $41.87. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12 month low of $37.48 and a 12 month high of $43.46. The stock has a market cap of $568.02 million, a price-to-earnings ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were given a dividend of $0.0797 per share. This represents a c) annualized dividend 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. The ex-dividend date was Friday, June 26th.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

A number of large investors have recently made changes to their positions in SIXH. Raymond James Financial Inc. purchased a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter valued at about $74,000. Jane Street Group LLC purchased a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the fourth quarter worth about $327,000. OLD Mission Capital LLC increased its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during 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 last quarter. Wealth Alliance Advisory Group LLC increased its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during 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 last quarter. 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.