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 target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 5,129 shares, a drop of 52.4% from the May 14th total of 10,766 shares. Based on an average daily trading volume, of 7,130 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s shares are sold short.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

NYSEARCA SIXH traded up $0.40 during mid-day trading on Friday, reaching $42.97. 5,311 shares of the stock were exchanged, compared to its average volume of 9,392. ETC 6 Meridian Hedged Equity Index Option Strategy has a one year low of $37.48 and a one year high of $43.32. The stock has a 50 day simple moving average of $42.04 and a 200-day simple moving average of $41.24. The stock has a market cap of $555.60 million, a P/E ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, May 29th. Investors of record on Wednesday, May 27th were paid a dividend of $0.0455 per share. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Wednesday, May 27th.

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

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter worth $74,000. Jane Street Group LLC bought a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy in the fourth quarter valued at $327,000. OLD Mission Capital LLC increased its stake in 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 valued at $521,000 after purchasing an additional 6,600 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its stake 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 valued at $1,578,000 after purchasing an additional 23,343 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% in the third 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.