ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Short Interest Down 53.2% in May

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 21,247 shares, a drop of 53.2% from the May 14th total of 45,419 shares. Based on an average daily trading volume, of 8,125 shares, the short-interest ratio is currently 2.6 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Trading of ETC 6 Meridian Mega Cap Equity ETF

Several hedge funds have recently added to or reduced their stakes in SIXA. HighTower Advisors LLC lifted its holdings in ETC 6 Meridian Mega Cap Equity ETF by 6.2% during the 4th quarter. HighTower Advisors LLC now owns 7,528,911 shares of the company’s stock worth $375,919,000 after purchasing an additional 438,847 shares during the last quarter. Two Sigma Investments LP acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter worth approximately $3,372,000. Wealth Alliance Advisory Group LLC acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF during the 4th quarter worth approximately $964,000. Goldman Sachs Group Inc. acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF during the 1st quarter worth approximately $768,000. Finally, Osaic Holdings Inc. lifted its holdings in 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 last quarter.

ETC 6 Meridian Mega Cap Equity ETF Trading Up 0.8%

Shares of SIXA traded up $0.43 during mid-day trading on Friday, reaching $56.39. The company’s stock had a trading volume of 5,495 shares, compared to its average volume of 11,086. ETC 6 Meridian Mega Cap Equity ETF has a 1-year low of $47.31 and a 1-year high of $56.41. The stock has a market cap of $489.47 million, a P/E ratio of 16.86 and a beta of 0.67. The business has a 50-day simple moving average of $54.55 and a two-hundred day simple moving average of $52.64.

About ETC 6 Meridian Mega Cap Equity ETF

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.