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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 5,350 shares, a growth of 16.4% from the March 31st total of 4,596 shares. Based on an average daily volume of 10,745 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.1%

SIXA stock opened at $54.67 on Friday. ETC 6 Meridian Mega Cap Equity ETF has a 52 week low of $46.15 and a 52 week high of $54.91. The company has a fifty day simple moving average of $53.12 and a two-hundred day simple moving average of $51.34. The firm has a market capitalization of $474.54 million, a P/E ratio of 16.86 and a beta of 0.67.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a $0.021 dividend. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Wednesday, February 25th.

Hedge Funds Weigh In On ETC 6 Meridian Mega Cap Equity ETF

Large investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock valued at $352,169,000 after purchasing an additional 438,682 shares during the period. Wealth Alliance Advisory Group LLC acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 4th quarter valued at $964,000. Two Sigma Investments LP acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at $3,372,000. Goldman Sachs Group Inc. acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 1st quarter valued at $768,000. Finally, Osaic Holdings Inc. lifted its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after purchasing an additional 10,016 shares during the period.

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.