Short Interest in ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) Increases By 94.6%

ETC 6 Meridian Hedged Equity Index Option Strategy (NYSEARCA:SIXH) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 7,200 shares, anincreaseof94.6% from the June 30th total of 3,700 shares. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 34,400 shares, the days-to-cover ratio is presently 0.2 days.

ETC 6 Meridian Hedged Equity Index Option Strategy Stock Up 0.3%

Shares of NYSEARCA:SIXH opened at $38.49 on Tuesday. The business has a 50 day moving average price of $38.50 and a 200 day moving average price of $38.36. ETC 6 Meridian Hedged Equity Index Option Strategy has a twelve month low of $35.00 and a twelve month high of $39.84. The company has a market cap of $528.47 million, a price-to-earnings ratio of 16.87 and a beta of 0.43.

Institutional Trading of ETC 6 Meridian Hedged Equity Index Option Strategy

Hedge funds have recently modified their holdings of the company. Janney Montgomery Scott LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter worth approximately $4,354,000. Mainstay Capital Management LLC ADV bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter worth approximately $94,579,000. Wealth Alliance Advisory Group LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter worth approximately $661,000. Jane Street Group LLC bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 1st quarter worth approximately $1,272,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of ETC 6 Meridian Hedged Equity Index Option Strategy in the 2nd quarter worth approximately $229,000.

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.