ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Sees Large Growth in Short Interest

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 26,099 shares, a growth of 51.0% from the December 15th total of 17,282 shares. Based on an average daily trading volume, of 19,152 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 19,152 shares, the short-interest ratio is presently 1.4 days.

ETC 6 Meridian Mega Cap Equity ETF Trading Down 0.1%

NYSEARCA:SIXA traded down $0.03 during mid-day trading on Friday, reaching $51.12. The company’s stock had a trading volume of 6,401 shares, compared to its average volume of 13,446. The stock has a market cap of $425.32 million, a P/E ratio of 16.86 and a beta of 0.72. The firm’s fifty day moving average price is $49.89 and its two-hundred day moving average price is $49.47. ETC 6 Meridian Mega Cap Equity ETF has a 12-month low of $41.26 and a 12-month high of $51.22.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a $0.1242 dividend. This is an increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.05. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date was Tuesday, December 30th.

Institutional Investors Weigh In On ETC 6 Meridian Mega Cap Equity ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter worth $36,000. Harbour Investments Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF in the second quarter worth about $106,000. Perigon Wealth Management LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter valued at about $427,000. Osaic Holdings Inc. increased its position in shares of ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the 2nd quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after purchasing an additional 10,016 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 2nd quarter worth approximately $540,000.

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.