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 target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,120 shares, an increase of 127.8% from the June 15th total of 2,686 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 12,273 shares, the short-interest ratio is presently 0.5 days.

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

A number of large investors have recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of 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 acquiring an additional 156,835 shares during the period. Jane Street Group LLC acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the first quarter worth about $1,272,000. Wealth Alliance Advisory Group LLC increased its stake in shares of 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 period. OLD Mission Capital LLC increased its stake in shares of 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 period. Finally, Raymond James Financial Inc. purchased a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter worth about $74,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

ETC 6 Meridian Hedged Equity Index Option Strategy stock opened at $42.93 on Wednesday. The business has a 50 day simple moving average of $42.42 and a 200-day simple moving average of $41.84. ETC 6 Meridian Hedged Equity Index Option Strategy has a 12 month low of $37.48 and a 12 month high of $43.32. The stock has a market capitalization of $561.10 million, a PE ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 26th were paid a $0.0797 dividend. The ex-dividend date of this dividend was Friday, June 26th. 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.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

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.