AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF (BATS:SIXP) Sees Significant Drop in Short Interest

AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF (BATS:SIXP) saw a significant decrease in short interest in October. As of October 30th, there was short interest totaling 6,351 shares, a decrease of 75.5% from the October 15th total of 25,968 shares. Based on an average daily volume of 433,882 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SIXP. Allianz SE acquired a new position in shares of AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF during the 3rd quarter worth about $16,001,000. Harbour Investments Inc. bought a new stake in AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF in the third quarter valued at approximately $188,000. FreeGulliver LLC acquired a new stake in AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF in the third quarter worth $345,000. Commonwealth Equity Services LLC acquired a new stake in AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF in the third quarter worth $3,727,000. Finally, IFP Advisors Inc raised its holdings in AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF by 5.8% in the third quarter. IFP Advisors Inc now owns 8,843 shares of the company’s stock worth $305,000 after purchasing an additional 486 shares during the period.

AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF Price Performance

SIXP stock opened at $34.38 on Friday. The company has a 50 day moving average price of $34.54 and a 200 day moving average price of $33.39. AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF has a fifty-two week low of $30.58 and a fifty-two week high of $34.97. The stock has a market capitalization of $214.88 million, a PE ratio of 24.81 and a beta of 0.48.

About AllianzIM U.S. Equity 6 Month Buffer10 Mar/Sep ETF

The AllianzIM U.S. Large Cap 6 Month Buffer10 Mar/Sep ETF (SIXP) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a specific holdings period. The actively managed fund holds options and collateral. SIXP was launched on Feb 29, 2024 and is issued by Allianz.