ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Shares Shorted: Short Interest Down 77.4% in October

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 632 shares, a drop of 77.4% from the October 15th total of 2,800 shares. Based on an average daily volume of 13,175 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

ETC 6 Meridian Hedged Equity Index Option Strategy Price Performance

SIXH stock opened at $45.87 on Thursday. The stock has a market capitalization of $643.08 million, a P/E ratio of 18.07 and a beta of 0.29. The business has a 50-day moving average of $44.60 and a 200-day moving average of $43.11. ETC 6 Meridian Hedged Equity Index Option Strategy has a fifty-two week low of $38.06 and a fifty-two week high of $46.13.

ETC 6 Meridian Hedged Equity Index Option Strategy Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were given a $0.1217 dividend. The ex-dividend date of this dividend was Wednesday, October 28th. This represents a $1.46 dividend on an annualized basis and a yield of 3.2%. This is a boost from ETC 6 Meridian Hedged Equity Index Option Strategy’s previous monthly dividend of $0.0724.

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

A number of large investors have recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in ETC 6 Meridian Hedged Equity Index Option Strategy in the third quarter valued at $567,578,000. Diversified Trust Co bought a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 3rd quarter worth about $2,109,000. Brighton Jones LLC bought a new stake in ETC 6 Meridian Hedged Equity Index Option Strategy during the 3rd quarter worth about $1,116,000. BOS Asset Management LLC lifted its position in ETC 6 Meridian Hedged Equity Index Option Strategy by 144.1% during the 3rd quarter. BOS Asset Management LLC now owns 16,281 shares of the company’s stock worth $714,000 after buying an additional 9,611 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the 2nd quarter worth about $442,000.

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.