Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Decreases By 52.4%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 5,129 shares, a decline of 52.4% from the May 14th total of 10,766 shares. Based on an average daily volume of 7,130 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

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

A number of institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its position 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 valued at $486,199,000 after purchasing an additional 156,835 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after buying an additional 23,343 shares during the period. Jane Street Group LLC bought a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the first quarter worth $1,272,000. OLD Mission Capital LLC grew its stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% in the fourth 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. Finally, Raymond James Financial Inc. bought a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the second quarter worth $74,000.

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

NYSEARCA:SIXH traded up $0.40 during trading hours on Friday, reaching $42.97. 5,311 shares of the company were exchanged, compared to its average volume of 9,392. The firm has a market cap of $555.60 million, a PE ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a twelve month low of $37.48 and a twelve month high of $43.32. The stock’s 50-day moving average is $42.04 and its 200-day moving average is $41.22.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Shareholders of record on Wednesday, May 27th were issued a $0.0455 dividend. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Wednesday, May 27th.

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.