ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Short Interest Update

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) saw a large growth in short interest in 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 days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

Shares of SIXH opened at $41.67 on Tuesday. 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 50-day moving average of $42.16 and a 200 day moving average of $40.58. The firm has a market capitalization of $538.79 million, a price-to-earnings ratio of 16.87 and a beta of 0.32.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 28th were issued a dividend of $0.0918 per share. This represents a c) dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Tuesday, April 28th. This is a positive change from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.07.

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

Large investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter valued at about $74,000. Jane Street Group LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 4th quarter valued at about $327,000. OLD Mission Capital LLC raised its holdings in shares of 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 purchasing an additional 6,600 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in shares of 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 purchasing an additional 23,343 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% in the 3rd quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock valued at $472,585,000 after purchasing an additional 263,500 shares in 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.