Short Interest in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Rises By 73.4%

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 10,762 shares, an increase of 73.4% from the June 30th total of 6,208 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 2,747 shares, the days-to-cover ratio is presently 3.9 days.

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

An institutional investor recently raised its stake in ETC 6 Meridian Small Cap Equity ETF stock. HighTower Advisors LLC raised its stake in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,136,447 shares of the company’s stock after purchasing an additional 60,329 shares during the period. HighTower Advisors LLC owned 97.11% of ETC 6 Meridian Small Cap Equity ETF worth $108,396,000 as of its most recent SEC filing.

ETC 6 Meridian Small Cap Equity ETF Trading Down 0.7%

Shares of SIXS opened at $59.22 on Friday. The firm has a market capitalization of $140.94 million, a P/E ratio of 11.13 and a beta of 0.74. The firm has a 50-day moving average price of $57.10 and a 200 day moving average price of $54.68. ETC 6 Meridian Small Cap Equity ETF has a 12-month low of $46.66 and a 12-month high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Company Profile

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.