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

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) saw a large drop in short interest in October. As of October 30th, there was short interest totaling 1,695 shares, a drop of 76.0% from the October 15th total of 7,069 shares. Based on an average daily volume of 6,203 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

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

A hedge fund recently bought a new stake in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC acquired a new position in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,372,079 shares of the company’s stock, valued at approximately $129,406,000. HighTower Advisors LLC owned about 93.76% of ETC 6 Meridian Small Cap Equity ETF at the end of the most recent quarter.

ETC 6 Meridian Small Cap Equity ETF Price Performance

SIXS opened at $57.98 on Thursday. ETC 6 Meridian Small Cap Equity ETF has a fifty-two week low of $48.08 and a fifty-two week high of $60.43. The firm has a market capitalization of $146.69 million, a price-to-earnings ratio of 11.82 and a beta of 0.75. The company’s 50 day moving average price is $56.60 and its two-hundred day moving average price is $55.72.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were paid a $0.0919 dividend. The ex-dividend date was Wednesday, October 28th. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. This is a drop from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1069.

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.