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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 21,247 shares, a decrease of 53.2% from the May 14th total of 45,419 shares. Based on an average daily volume of 8,125 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in ETC 6 Meridian Mega Cap Equity ETF in the first quarter worth about $768,000. JPMorgan Chase & Co. bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at about $36,000. Osaic Holdings Inc. boosted its position in shares of 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 valued at $533,000 after purchasing an additional 10,016 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 6.6% in the 3rd quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock worth $352,169,000 after purchasing an additional 438,682 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter worth approximately $3,372,000.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

Shares of NYSEARCA:SIXA traded up $0.43 on Friday, hitting $56.39. The company’s stock had a trading volume of 5,495 shares, compared to its average volume of 11,086. ETC 6 Meridian Mega Cap Equity ETF has a 12 month low of $47.31 and a 12 month high of $56.41. The company has a market capitalization of $489.47 million, a price-to-earnings ratio of 16.86 and a beta of 0.67. The stock’s 50-day moving average is $54.55 and its two-hundred day moving average is $52.66.

About ETC 6 Meridian Mega Cap Equity ETF

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.