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

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

ETC 6 Meridian Mega Cap Equity ETF Price Performance

Shares of SIXA traded up $0.22 on Monday, reaching $56.61. The company’s stock had a trading volume of 21,965 shares, compared to its average volume of 11,181. The stock has a market capitalization of $491.37 million, a P/E ratio of 16.86 and a beta of 0.67. The stock’s 50 day simple moving average is $54.64 and its two-hundred day simple moving average is $52.71. ETC 6 Meridian Mega Cap Equity ETF has a 12-month low of $47.31 and a 12-month high of $56.81.

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

Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of ETC 6 Meridian Mega Cap Equity ETF by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 7,528,911 shares of the company’s stock worth $375,919,000 after buying an additional 438,847 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the third quarter worth $3,372,000. Wealth Alliance Advisory Group LLC purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the fourth quarter worth $964,000. Goldman Sachs Group Inc. purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the first quarter worth $768,000. Finally, Osaic Holdings Inc. lifted its holdings in shares of 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 in the last quarter.

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.