ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Short Interest Down 59.4% in January

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant decline in short interest in January. As of January 30th, there was short interest totaling 10,670 shares, a decline of 59.4% from the January 15th total of 26,306 shares. Based on an average daily volume of 13,066 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 13,066 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CW Advisors LLC purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at $554,000. Midwest Trust Co bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at about $6,229,000. Harbour Investments Inc. purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at about $106,000. Perigon Wealth Management LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the third quarter worth about $427,000. Finally, HighTower Advisors LLC lifted its position in shares of ETC 6 Meridian Mega Cap Equity ETF by 6.6% in the third quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock worth $352,169,000 after buying an additional 438,682 shares in the last quarter.

ETC 6 Meridian Mega Cap Equity ETF Price Performance

Shares of SIXA stock traded up $0.22 on Friday, hitting $53.90. 8,539 shares of the stock traded hands, compared to its average volume of 12,805. The firm has a 50 day simple moving average of $51.09 and a two-hundred day simple moving average of $49.94. The firm has a market cap of $455.46 million, a price-to-earnings ratio of 16.86 and a beta of 0.72. ETC 6 Meridian Mega Cap Equity ETF has a 52 week low of $41.26 and a 52 week high of $54.16.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 28th were given a dividend of $0.087 per share. The ex-dividend date was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 1.9%.

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.