ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Short Interest Update

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,638 shares, an increase of 164.9% from the April 30th total of 2,883 shares. Based on an average trading volume of 1,103 shares, the days-to-cover ratio is presently 6.9 days. Currently, 0.3% of the shares of the company are sold short.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

NYSEARCA:SIXS traded down $0.18 during mid-day trading on Friday, reaching $53.98. 341 shares of the company’s stock were exchanged, compared to its average volume of 3,734. ETC 6 Meridian Small Cap Equity ETF has a one year low of $45.77 and a one year high of $55.61. The firm has a market capitalization of $126.85 million, a PE ratio of 11.13 and a beta of 0.77. The business’s fifty day simple moving average is $53.66 and its two-hundred day simple moving average is $52.53.

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

An institutional investor recently raised its position in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC raised its position in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,136,447 shares of the company’s stock after buying an additional 60,329 shares during the quarter. HighTower Advisors LLC owned about 97.11% of ETC 6 Meridian Small Cap Equity ETF worth $108,396,000 at the end of the most recent quarter.

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.