ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Sees Large Drop in Short Interest

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 2,883 shares, a decrease of 68.0% from the April 15th total of 9,017 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,071 shares, the days-to-cover ratio is presently 0.7 days.

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

A hedge fund recently raised its stake in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC grew its holdings in shares of ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,076,118 shares of the company’s stock after buying an additional 71,075 shares during the period. HighTower Advisors LLC owned approximately 96.56% of ETC 6 Meridian Small Cap Equity ETF worth $103,308,000 as of its most recent filing with the SEC.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

Shares of ETC 6 Meridian Small Cap Equity ETF stock traded down $0.72 on Friday, reaching $52.86. 1,111 shares of the company’s stock were exchanged, compared to its average volume of 3,941. The company has a market capitalization of $124.22 million, a P/E ratio of 11.13 and a beta of 0.77. ETC 6 Meridian Small Cap Equity ETF has a 52 week low of $44.89 and a 52 week high of $55.61. The firm’s 50-day moving average is $53.31 and its two-hundred day moving average is $52.14.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued a dividend of $0.0544 per share. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, February 25th.

About ETC 6 Meridian Small Cap Equity ETF

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.