Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Decreases By 52.4%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,129 shares, a decrease of 52.4% from the May 14th total of 10,766 shares. Based on an average daily volume of 7,130 shares, the short-interest ratio is currently 0.7 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the second quarter worth $74,000. Jane Street Group LLC acquired a new position in shares of ETC 6 Meridian Hedged Equity Index Option Strategy during the fourth quarter worth $327,000. OLD Mission Capital LLC increased its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 99.2% during the fourth quarter. OLD Mission Capital LLC now owns 13,255 shares of the company’s stock worth $521,000 after buying an additional 6,600 shares in the last quarter. Wealth Alliance Advisory Group LLC increased its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 138.7% during the fourth quarter. Wealth Alliance Advisory Group LLC now owns 40,176 shares of the company’s stock worth $1,578,000 after buying an additional 23,343 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of ETC 6 Meridian Hedged Equity Index Option Strategy by 2.2% during the third quarter. HighTower Advisors LLC now owns 12,221,580 shares of the company’s stock worth $472,585,000 after buying an additional 263,500 shares in the last quarter.

ETC 6 Meridian Hedged Equity Index Option Strategy Trading Down 0.3%

NYSEARCA SIXH traded down $0.13 on Monday, hitting $42.84. 13,316 shares of the company’s stock were exchanged, compared to its average volume of 9,427. The stock has a 50-day moving average of $42.06 and a 200-day moving average of $41.27. ETC 6 Meridian Hedged Equity Index Option Strategy has a 52 week low of $37.48 and a 52 week high of $43.32. The stock has a market cap of $553.92 million, a price-to-earnings ratio of 16.87 and a beta of 0.31.

ETC 6 Meridian Hedged Equity Index Option Strategy Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, May 29th. Stockholders of record on Wednesday, May 27th were issued a dividend of $0.0455 per share. The ex-dividend date was Wednesday, May 27th. This represents a c) annualized dividend and a dividend yield of 1.3%.

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.