ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Short Interest Down 68.0% in April

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXSGet Free Report) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 2,883 shares, a decline of 68.0% from the April 15th total of 9,017 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 4,071 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in ETC 6 Meridian Small Cap Equity ETF stock. Wealth Alliance Advisory Group LLC acquired a new position in shares of ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXSFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 14,118 shares of the company’s stock, valued at approximately $716,000. Wealth Alliance Advisory Group LLC owned 0.64% of ETC 6 Meridian Small Cap Equity ETF at the end of the most recent reporting period.

ETC 6 Meridian Small Cap Equity ETF Trading Down 1.3%

NYSEARCA:SIXS opened at $52.86 on Friday. The firm has a market cap of $124.22 million, a P/E ratio of 11.13 and a beta of 0.77. The stock’s 50 day simple moving average is $53.31 and its 200-day simple moving average is $52.14. ETC 6 Meridian Small Cap Equity ETF has a 12-month low of $44.89 and a 12-month high of $55.61.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th were issued a $0.0544 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.2%.

About ETC 6 Meridian Small Cap Equity ETF

(Get Free Report)

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.

Further Reading

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