ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Stock Short Interest Report for October

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 1,596 shares, a drop of 92.7% from the October 15th total of 21,906 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 14,244 shares, the days-to-cover ratio is currently 0.1 days.

ETC 6 Meridian Mega Cap Equity ETF Trading Down 0.3%

Shares of NYSEARCA SIXA traded down $0.15 during midday trading on Thursday, reaching $58.30. The company’s stock had a trading volume of 5,431 shares, compared to its average volume of 12,821. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $48.42 and a fifty-two week high of $58.95. The stock has a market capitalization of $564.34 million, a price-to-earnings ratio of 17.90 and a beta of 0.65. The stock has a 50 day simple moving average of $57.57 and a 200-day simple moving average of $55.58.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were given a $0.1683 dividend. This represents a $2.02 dividend on an annualized basis and a yield of 3.5%. This is an increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.1026. The ex-dividend date of this dividend was Wednesday, October 28th.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SIXA. Brighton Jones LLC bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at about $2,338,000. Diversified Trust Co acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the third quarter valued at approximately $4,109,000. Finally, HighTower Advisors LLC bought a new position in ETC 6 Meridian Mega Cap Equity ETF in the third quarter valued at approximately $483,679,000.

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.