ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Sees Large Growth in Short Interest

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 17,282 shares, an increase of 139.5% from the November 30th total of 7,217 shares. Based on an average daily trading volume, of 9,773 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 9,773 shares, the days-to-cover ratio is currently 1.8 days.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.2%

SIXA traded down $0.11 during trading hours on Friday, reaching $50.41. 1,029 shares of the company’s stock traded hands, compared to its average volume of 32,613. The firm has a 50-day moving average price of $49.47 and a 200 day moving average price of $49.20. The firm has a market capitalization of $409.33 million, a PE ratio of 16.86 and a beta of 0.72. ETC 6 Meridian Mega Cap Equity ETF has a 52-week low of $41.26 and a 52-week high of $50.53.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 25th were paid a dividend of $0.0545 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, November 25th.

Institutional Investors Weigh In On ETC 6 Meridian Mega Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter valued at about $36,000. Harbour Investments Inc. purchased a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter valued at approximately $106,000. Perigon Wealth Management LLC bought a new position in ETC 6 Meridian Mega Cap Equity ETF in the third quarter worth approximately $427,000. Osaic Holdings Inc. grew its stake in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the second quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after purchasing an additional 10,016 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth $540,000.

ETC 6 Meridian Mega Cap Equity ETF Company Profile

The ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that invests in large-cap US equities selected from the Russell 3000 Index. SIXA was launched on May 11, 2020 and is managed by Meridian.