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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 29,000 shares, an increase of 191.2% from the February 26th total of 9,958 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 19,482 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 19,482 shares, the short-interest ratio is currently 1.5 days. Approximately 0.3% of the company’s shares are sold short.

ETC 6 Meridian Mega Cap Equity ETF Trading Up 0.5%

Shares of SIXA traded up $0.27 during mid-day trading on Wednesday, reaching $52.03. The company had a trading volume of 3,522 shares, compared to its average volume of 14,013. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $41.26 and a fifty-two week high of $54.40. The firm has a fifty day simple moving average of $52.76 and a 200-day simple moving average of $50.69. The stock has a market cap of $439.65 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were issued a $0.021 dividend. The ex-dividend date was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 0.5%.

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

A number of large investors have recently modified their holdings of SIXA. JPMorgan Chase & Co. purchased a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth about $36,000. Perigon Wealth Management LLC purchased a new stake in ETC 6 Meridian Mega Cap Equity ETF during the third quarter worth approximately $427,000. Osaic Holdings Inc. grew its stake in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during 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 during the period. CW Advisors LLC acquired a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter worth $554,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 1st quarter valued at $768,000.

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.