ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Stock Short Interest Jumps 133.8%

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 14,323 shares, a growth of 133.8% from the September 15th total of 6,127 shares. Based on an average daily volume of 5,358 shares, the short-interest ratio is presently 2.7 days. Approximately 0.2% of the shares of the stock are sold short.

ETC 6 Meridian Mega Cap Equity ETF Stock Up 0.6%

NYSEARCA SIXA opened at $57.36 on Thursday. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $48.28 and a fifty-two week high of $58.52. The business has a fifty day moving average of $57.60 and a 200-day moving average of $56.04. The stock has a market cap of $543.77 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 Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.1026 dividend. This represents a $1.23 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Monday, September 28th. This is a positive change from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.0283.

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.