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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 2,686 shares, a decline 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. Approximately 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On ETC 6 Meridian Hedged Equity Index Option Strategy

A number of institutional investors have recently added to or reduced their stakes in SIXH. 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 valued at $486,199,000 after acquiring an additional 156,835 shares during the period. Raymond James Financial Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter worth approximately $74,000. OLD Mission Capital LLC grew its holdings in shares of 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. Jane Street Group LLC acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 1st quarter worth approximately $1,272,000. Finally, Wealth Alliance Advisory Group LLC grew its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during 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 in the last quarter.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Down 0.3%

ETC 6 Meridian Hedged Equity Index Option Strategy stock traded down $0.12 during mid-day trading on Wednesday, reaching $42.69. The company had a trading volume of 25,506 shares, compared to its average volume of 9,781. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $43.32. The company has a 50 day moving average of $42.17 and a 200-day moving average of $41.58. The firm has a market cap of $551.98 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 business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 26th were given a dividend of $0.0797 per share. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, June 26th.

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.