ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Stock Short Interest Drops 76.0%

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,695 shares, a drop of 76.0% from the October 15th total of 7,069 shares. Based on an average daily volume of 6,203 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of ETC 6 Meridian Small Cap Equity ETF

An institutional investor recently bought a new position in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC bought a new position in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,372,079 shares of the company’s stock, valued at approximately $129,406,000. HighTower Advisors LLC owned about 93.76% of ETC 6 Meridian Small Cap Equity ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

ETC 6 Meridian Small Cap Equity ETF Trading Up 0.3%

NYSEARCA:SIXS traded up $0.16 during trading hours on Friday, reaching $57.61. The company had a trading volume of 4,441 shares, compared to its average volume of 4,131. The firm has a market cap of $145.75 million, a price-to-earnings ratio of 11.82 and a beta of 0.75. The firm’s 50 day moving average price is $56.56 and its 200-day moving average price is $55.78. ETC 6 Meridian Small Cap Equity ETF has a 52 week low of $48.08 and a 52 week high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were issued a $0.0919 dividend. The ex-dividend date of this dividend was Wednesday, October 28th. This is a decrease from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1069. This represents a $1.10 annualized dividend and a dividend yield of 1.9%.

About ETC 6 Meridian Small Cap Equity ETF

The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.