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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 17,282 shares, an increase of 139.5% from the November 30th total of 7,217 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 9,773 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 9,773 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.2% of the company’s stock are short sold.

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

Several large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the second quarter worth approximately $36,000. Harbour Investments Inc. acquired a new position in ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter valued at $106,000. Perigon Wealth Management LLC acquired a new position in ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at $427,000. Osaic Holdings Inc. raised its position in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after buying an additional 10,016 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth $540,000.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.2%

ETC 6 Meridian Mega Cap Equity ETF stock traded down $0.11 during mid-day trading on Friday, hitting $50.41. The company had a trading volume of 1,029 shares, compared to its average volume of 32,613. ETC 6 Meridian Mega Cap Equity ETF has a 1 year low of $41.26 and a 1 year high of $50.53. The business has a fifty day moving average of $49.47 and a 200 day moving average of $49.19. The stock has a market cap of $409.33 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 business also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 25th were given a $0.0545 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, November 25th.

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.