Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Expands By 165.9%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the target of a significant growth in short interest in the month of 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. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 11,456 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter valued at $74,000. Jane Street Group LLC bought a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 4th quarter worth $327,000. OLD Mission Capital LLC increased its holdings in 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 worth $521,000 after acquiring an additional 6,600 shares during the last quarter. Finally, HighTower Advisors LLC raised its stake in 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 acquiring an additional 156,835 shares during the period.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

Shares of NYSEARCA:SIXH opened at $44.56 on Friday. The company has a market capitalization of $585.96 million, a PE ratio of 16.87 and a beta of 0.31. The business has a fifty day moving average price of $43.89 and a two-hundred day moving average price of $42.84. ETC 6 Meridian Hedged Equity Index Option Strategy has a 1 year low of $37.48 and a 1 year high of $44.80.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Investors of record on Thursday, August 27th were issued a dividend of $0.0142 per share. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, August 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.