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) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 2,220 shares, a decline of 66.1% from the September 15th total of 6,546 shares. Based on an average 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.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Up 0.1%

Shares of NYSEARCA:SIXH traded up $0.05 on Monday, hitting $44.10. 9,863 shares of the company traded hands, compared to its average volume of 11,785. 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 stock has a 50 day simple moving average of $44.20 and a 200-day simple moving average of $43.08. The company has a market cap of $606.39 million, a PE ratio of 16.87 and a beta of 0.30.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a dividend of $0.0724 per share. This is a positive change 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. This represents a $0.87 annualized dividend and a yield of 2.0%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ETC 6 Meridian Hedged Equity Index Option Strategy stock. BOS Asset Management LLC lifted its position in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) by 144.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,281 shares of the company’s stock after buying an additional 9,611 shares during the period. BOS Asset Management LLC owned about 0.11% of ETC 6 Meridian Hedged Equity Index Option Strategy worth $714,000 as of its most recent SEC filing.

ETC 6 Meridian Hedged Equity Index Option Strategy Company Profile

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.