ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Stock Short Interest Drops 72.3%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a large decrease in short interest during 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 stock are short sold. Based on an average daily trading volume, of 14,801 shares, the days-to-cover ratio is presently 0.4 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Up 0.1%

Shares of NYSEARCA:SIXH opened at $44.40 on Friday. The stock has a market cap of $608.28 million, a PE ratio of 16.87 and a beta of 0.31. The stock’s fifty day simple moving average is $44.14 and its two-hundred day simple moving average is $42.94. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1-year low of $37.48 and a 1-year high of $44.80.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Thursday, August 27th were issued a $0.0142 dividend. This is a decrease from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0981. This represents a $0.17 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, August 27th.

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. acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,313 shares of the company’s stock, valued at approximately $442,000. Envestnet Asset Management Inc. owned approximately 0.08% of ETC 6 Meridian Hedged Equity Index Option Strategy as of its most recent filing with the Securities and Exchange Commission.

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.