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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 26,099 shares, a growth of 51.0% from the December 15th total of 17,282 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 19,152 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 19,152 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s shares are short sold.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.0%

Shares of SIXA stock traded down $0.03 during mid-day trading on Friday, hitting $51.13. 6,393 shares of the company’s stock were exchanged, compared to its average volume of 13,445. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $41.26 and a fifty-two week high of $51.22. The stock has a 50-day simple moving average of $49.84 and a two-hundred day simple moving average of $49.44. The stock has a market cap of $425.36 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 30th were paid a $0.1242 dividend. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.05.

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

Hedge funds have recently modified their holdings of the stock. Mainstay Capital Management LLC ADV increased its position in ETC 6 Meridian Mega Cap Equity ETF by 122.0% during the second quarter. Mainstay Capital Management LLC ADV now owns 4,148,956 shares of the company’s stock worth $201,224,000 after purchasing an additional 2,280,287 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of ETC 6 Meridian Mega Cap Equity ETF by 6.6% during the 3rd quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock worth $352,169,000 after buying an additional 438,682 shares during the last quarter. Midwest Trust Co purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter worth $6,229,000. Two Sigma Investments LP acquired a new position in ETC 6 Meridian Mega Cap Equity ETF in the third quarter valued at $3,372,000. Finally, Goldman Sachs Group Inc. acquired a new position in ETC 6 Meridian Mega Cap Equity ETF in the first quarter valued at $768,000.

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.