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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) saw a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,220 shares, a decrease of 66.1% from the September 15th total of 6,546 shares. Based on an average daily trading volume, of 7,250 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

Several hedge funds and other institutional investors have recently modified their holdings of the company. Signal Advisors Wealth LLC acquired a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the 3rd quarter worth about $269,000. BOS Asset Management LLC lifted its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 144.1% during the 3rd quarter. BOS Asset Management LLC now owns 16,281 shares of the company’s stock valued at $714,000 after buying an additional 9,611 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter valued at about $442,000.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Up 0.9%

Shares of NYSEARCA:SIXH traded up $0.38 during trading on Wednesday, reaching $44.37. 20,083 shares of the company traded hands, compared to its average volume of 11,793. The firm has a fifty day simple moving average of $44.22 and a 200 day simple moving average of $43.11. The firm has a market cap of $610.09 million, a P/E ratio of 16.87 and a beta of 0.30. 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 Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were paid a $0.0724 dividend. This represents a $0.87 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0142. The ex-dividend date of this dividend was Monday, September 28th.

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.