ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Up 165.9% in August

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXHGet Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 23,641 shares, an increase of 165.9% from the August 15th total of 8,891 shares. Based on an average daily volume of 11,456 shares, the short-interest ratio is presently 2.1 days. Currently, 0.2% of the shares of the company are sold short.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 0.4%

Shares of SIXH stock opened at $44.56 on Friday. The firm’s 50 day moving average is $43.89 and its 200 day moving average is $42.84. The stock has a market capitalization of $585.96 million, a P/E ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12 month low of $37.48 and a 12 month high of $44.80.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 27th were issued a dividend of $0.0142 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 0.4%.

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

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter valued at $74,000. Jane Street Group LLC purchased a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 4th quarter worth about $327,000. OLD Mission Capital LLC lifted its holdings in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the 4th quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after purchasing an additional 6,600 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 1.3% in the 4th quarter. HighTower Advisors LLC now owns 12,378,415 shares of the company’s stock worth $486,199,000 after purchasing an additional 156,835 shares during the period.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

(Get Free Report)

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.

Further Reading

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