ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Shares Shorted: Short Interest Down 92.7% in October

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,596 shares, a drop of 92.7% from the October 15th total of 21,906 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 14,244 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SIXA. Brighton Jones LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at about $2,338,000. Diversified Trust Co bought a new position in ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter worth approximately $4,109,000. Finally, HighTower Advisors LLC bought a new position in ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter worth approximately $483,679,000.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.0%

SIXA stock traded down $0.02 during midday trading on Tuesday, reaching $57.40. The stock had a trading volume of 25,570 shares, compared to its average volume of 12,845. ETC 6 Meridian Mega Cap Equity ETF has a twelve month low of $48.42 and a twelve month high of $58.95. The firm has a market cap of $552.19 million, a price-to-earnings ratio of 16.86 and a beta of 0.66. The business has a fifty day simple moving average of $57.57 and a two-hundred day simple moving average of $55.51.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were issued a dividend of $0.1683 per share. The ex-dividend date of this dividend was Wednesday, October 28th. This represents a $2.02 dividend on an annualized basis and a yield of 3.5%. This is a boost from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.1026.

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.