ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG) Sees Significant Growth in Short Interest

ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 2,205 shares, an increase of 704.7% from the April 15th total of 274 shares. Based on an average daily volume of 6,276 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

ETC 6 Meridian Quality Growth ETF Stock Performance

Shares of NYSEARCA:SXQG traded up $0.25 on Tuesday, hitting $31.59. 605 shares of the company were exchanged, compared to its average volume of 3,500. The company’s 50 day moving average price is $31.03 and its two-hundred day moving average price is $32.07. ETC 6 Meridian Quality Growth ETF has a one year low of $29.10 and a one year high of $33.92. The firm has a market capitalization of $65.71 million, a price-to-earnings ratio of 28.56 and a beta of 1.00.

About ETC 6 Meridian Quality Growth ETF

The ETC 6 Meridian Quality Growth ETF (SXQG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US-based companies that exhibit high quality and growth characteristics relative to their peers. SXQG was launched on May 10, 2021 and is managed by Meridian.