ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Shares Shorted: Short Interest Down 92.7% in October

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 1,596 shares, a drop of 92.7% from the October 15th total of 21,906 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 14,244 shares, the days-to-cover ratio is currently 0.1 days.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

Shares of NYSEARCA:SIXA traded down $0.02 on Tuesday, hitting $57.40. The stock had a trading volume of 25,570 shares, compared to its average volume of 12,845. The firm’s 50 day moving average price is $57.57 and its 200-day moving average price is $55.51. ETC 6 Meridian Mega Cap Equity ETF has a twelve month low of $48.42 and a twelve month high of $58.95. The company has a market capitalization of $552.19 million, a price-to-earnings ratio of 16.86 and a beta of 0.66.

ETC 6 Meridian Mega Cap Equity ETF Increases 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 $0.1683 dividend. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.1026. The ex-dividend date was Wednesday, October 28th.

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

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the third quarter worth about $483,679,000. Diversified Trust Co acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the third quarter worth approximately $4,109,000. Finally, Brighton Jones LLC acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the third quarter worth approximately $2,338,000.

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.