ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Stock Short Interest Drops 72.3%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totaling 6,546 shares, a decrease of 72.3% from the August 31st total of 23,641 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 14,801 shares, the short-interest ratio is presently 0.4 days.

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

NYSEARCA:SIXH opened at $44.40 on Friday. The company has a fifty day moving average of $44.14 and a 200-day moving average of $42.94. The firm has a market capitalization of $608.28 million, a P/E ratio of 16.87 and a beta of 0.31. ETC 6 Meridian Hedged Equity Index Option Strategy has a twelve month low of $37.48 and a twelve month high of $44.80.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 27th were issued a $0.0142 dividend. The ex-dividend date was Thursday, August 27th. This is a negative change from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0981. This represents a $0.17 dividend on an annualized basis and a yield of 0.4%.

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

An institutional investor recently bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy stock. Envestnet Asset Management Inc. acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,313 shares of the company’s stock, valued at approximately $442,000. Envestnet Asset Management Inc. owned approximately 0.08% of ETC 6 Meridian Hedged Equity Index Option Strategy at the end of the most recent reporting period.

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.