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

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 23,641 shares, a growth of 165.9% from the August 15th total of 8,891 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 11,456 shares, the days-to-cover ratio is presently 2.1 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Down 0.0%

Shares of ETC 6 Meridian Hedged Equity Index Option Strategy stock traded down $0.02 during trading on Tuesday, reaching $44.55. The company’s stock had a trading volume of 2,895 shares, compared to its average volume of 11,950. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52-week low of $37.48 and a 52-week high of $44.80. The company has a market cap of $585.83 million, a price-to-earnings ratio of 16.87 and a beta of 0.31. The firm’s 50-day moving average is $43.92 and its two-hundred day moving average is $42.85.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 27th were paid a $0.0142 dividend. The ex-dividend date of this dividend was Thursday, August 27th. This represents a c) annualized dividend and a yield of 0.4%.

Institutional Inflows and Outflows

A hedge fund recently raised its position in ETC 6 Meridian Hedged Equity Index Option Strategy stock. HighTower Advisors LLC lifted its stake in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,378,415 shares of the company’s stock after buying an additional 156,835 shares during the period. HighTower Advisors LLC owned approximately 97.09% of ETC 6 Meridian Hedged Equity Index Option Strategy worth $486,199,000 as of its most recent SEC filing.

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.