ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Short Interest Update

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 29,000 shares, a growth of 191.2% from the February 26th total of 9,958 shares. Based on an average daily trading volume, of 19,482 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 19,482 shares, the days-to-cover ratio is presently 1.5 days.

ETC 6 Meridian Mega Cap Equity ETF Price Performance

SIXA traded up $0.27 during trading on Wednesday, hitting $52.03. The company had a trading volume of 3,522 shares, compared to its average volume of 14,013. ETC 6 Meridian Mega Cap Equity ETF has a 1-year low of $41.26 and a 1-year high of $54.40. The company has a market cap of $439.65 million, a PE ratio of 16.86 and a beta of 0.72. The business has a 50-day moving average of $52.76 and a 200-day moving average of $50.69.

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 given a dividend of $0.021 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 0.5%.

Institutional Trading of ETC 6 Meridian Mega Cap Equity ETF

Several institutional investors and hedge funds have recently bought and sold shares of SIXA. JPMorgan Chase & Co. bought a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth approximately $36,000. Perigon Wealth Management LLC acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter valued at approximately $427,000. Osaic Holdings Inc. lifted its stake in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the second quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock worth $533,000 after purchasing an additional 10,016 shares during the last quarter. CW Advisors LLC bought a new position in ETC 6 Meridian Mega Cap Equity ETF during the second quarter worth $554,000. Finally, Goldman Sachs Group Inc. acquired a new position in ETC 6 Meridian Mega Cap Equity ETF in the first quarter worth $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.