ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Short Interest Update

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 10,670 shares, a drop of 59.4% from the January 15th total of 26,306 shares. Based on an average trading volume of 13,066 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 13,066 shares, the days-to-cover ratio is presently 0.8 days.

ETC 6 Meridian Mega Cap Equity ETF Stock Up 0.4%

Shares of NYSEARCA SIXA traded up $0.22 during mid-day trading on Friday, reaching $53.90. 8,539 shares of the company were exchanged, compared to its average volume of 12,805. ETC 6 Meridian Mega Cap Equity ETF has a 1 year low of $41.26 and a 1 year high of $54.16. The firm has a 50-day moving average of $51.09 and a 200 day moving average of $49.94. The stock has a market cap of $455.46 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were issued a $0.087 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Wednesday, January 28th.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF in the second quarter worth $36,000. Harbour Investments Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth $106,000. Perigon Wealth Management LLC acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter valued at about $427,000. Osaic Holdings Inc. raised 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 valued at $533,000 after buying an additional 10,016 shares during the last quarter. Finally, CW Advisors LLC acquired a new stake in ETC 6 Meridian Mega Cap Equity ETF in the second quarter worth about $554,000.

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.