ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS – Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 7,638 shares, a growth of 164.9% from the April 30th total of 2,883 shares. Based on an average daily trading volume, of 1,103 shares, the short-interest ratio is currently 6.9 days. Approximately 0.3% of the company’s shares are sold short.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC lifted its position in shares of ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS – Free Report) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,076,118 shares of the company’s stock after buying an additional 71,075 shares during the quarter. HighTower Advisors LLC owned about 96.56% of ETC 6 Meridian Small Cap Equity ETF worth $103,308,000 at the end of the most recent reporting period.
ETC 6 Meridian Small Cap Equity ETF Stock Performance
Shares of SIXS stock traded down $0.18 on Friday, hitting $53.98. The company had a trading volume of 341 shares, compared to its average volume of 3,734. ETC 6 Meridian Small Cap Equity ETF has a twelve month low of $45.77 and a twelve month high of $55.61. The firm has a market cap of $126.85 million, a P/E ratio of 11.13 and a beta of 0.77. The stock’s 50-day moving average is $53.66 and its two-hundred day moving average is $52.51.
ETC 6 Meridian Small Cap Equity ETF Company Profile
The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.
See Also
- Five stocks we like better than ETC 6 Meridian Small Cap Equity ETF
- Costco’s Strong Quarter Still Leaves Investors With a Valuation Problem
- These 3 Software Stocks Are Buying Back Shares Hand Over Fist
- Gap Inc. Cuts Sales Outlook After Q1 Miss, Shares Drop 17%
- MongoDB’s AI Advantage Is Starting to Show Up in Results
Receive News & Ratings for ETC 6 Meridian Small Cap Equity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ETC 6 Meridian Small Cap Equity ETF and related companies with MarketBeat.com's FREE daily email newsletter.
