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 large increase in short interest in March. As of March 13th, there was short interest totaling 29,000 shares, an increase of 191.2% from the February 26th total of 9,958 shares. Based on an average daily volume of 19,482 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are short sold.

ETC 6 Meridian Mega Cap Equity ETF Price Performance

SIXA stock traded down $0.20 on Thursday, reaching $51.83. 3,695 shares of the company traded hands, compared to its average volume of 13,834. ETC 6 Meridian Mega Cap Equity ETF has a one year low of $41.26 and a one year high of $54.40. The company has a market cap of $437.96 million, a P/E ratio of 16.86 and a beta of 0.72. The firm has a fifty day simple moving average of $52.79 and a 200-day simple moving average of $50.71.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a dividend of $0.021 per share. The ex-dividend date was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 0.5%.

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

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter worth about $36,000. Perigon Wealth Management LLC purchased a new position in ETC 6 Meridian Mega Cap Equity ETF in the third quarter worth about $427,000. Osaic Holdings Inc. raised its holdings in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% in the second 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. CW Advisors LLC bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter worth approximately $554,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the first quarter worth approximately $768,000.

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.