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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 4,596 shares, a decrease of 84.2% from the March 15th total of 29,000 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 7,674 shares, the short-interest ratio is currently 0.6 days.

ETC 6 Meridian Mega Cap Equity ETF Trading Down 0.5%

NYSEARCA SIXA traded down $0.25 during trading on Friday, hitting $53.37. 21,847 shares of the company traded hands, compared to its average volume of 12,946. ETC 6 Meridian Mega Cap Equity ETF has a 12 month low of $43.38 and a 12 month high of $54.40. The business has a fifty day simple moving average of $53.01 and a 200 day simple moving average of $50.89. The company has a market capitalization of $461.65 million, a P/E ratio of 16.86 and a beta of 0.69.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.021 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SIXA. HighTower Advisors LLC increased its position in ETC 6 Meridian Mega Cap Equity ETF by 6.6% during the third quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock worth $352,169,000 after acquiring an additional 438,682 shares during the period. Perigon Wealth Management LLC bought a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at $427,000. Two Sigma Investments LP acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter worth $3,372,000. Goldman Sachs Group Inc. acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 1st quarter worth $768,000. Finally, Osaic Holdings Inc. increased its holdings in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after purchasing an additional 10,016 shares during the period.

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.