ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Up 2,914.6% in April

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,447 shares, a growth of 2,914.6% from the April 15th total of 48 shares. Based on an average daily trading volume, of 8,303 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Performance

Shares of NYSEARCA:SIXH traded up $0.10 on Monday, hitting $41.67. 8,430 shares of the company’s stock were exchanged, compared to its average volume of 10,203. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1-year low of $37.30 and a 1-year high of $43.32. The company has a market capitalization of $538.79 million, a PE ratio of 16.87 and a beta of 0.32. The firm’s 50-day moving average is $42.20 and its 200 day moving average is $40.54.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 28th were issued a $0.0918 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, April 28th. This is an increase from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SIXH. Raymond James Financial Inc. purchased a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter worth $74,000. Jane Street Group LLC purchased a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the fourth quarter worth about $327,000. OLD Mission Capital LLC increased its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the 4th quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock valued at $521,000 after acquiring an additional 6,600 shares during the period. Wealth Alliance Advisory Group LLC increased its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the 4th quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock valued at $1,578,000 after acquiring an additional 23,343 shares during the period. Finally, HighTower Advisors LLC raised its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% during the 3rd quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock valued at $472,585,000 after acquiring an additional 263,500 shares during the last quarter.

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.