ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Stock Short Interest Falls 74.5%

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 6,127 shares, a drop of 74.5% from the August 31st total of 24,073 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 9,009 shares, the short-interest ratio is currently 0.7 days.

ETC 6 Meridian Mega Cap Equity ETF Stock Performance

SIXA stock traded up $0.32 during midday trading on Friday, reaching $57.76. The stock had a trading volume of 1,327 shares, compared to its average volume of 12,839. ETC 6 Meridian Mega Cap Equity ETF has a 52-week low of $48.28 and a 52-week high of $58.52. The stock has a market cap of $545.83 million, a PE ratio of 16.86 and a beta of 0.66. The firm has a fifty day simple moving average of $57.51 and a two-hundred day simple moving average of $55.58.

ETC 6 Meridian Mega Cap Equity ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Thursday, August 27th were given a dividend of $0.0283 per share. The ex-dividend date of this dividend was Thursday, August 27th. This represents a $0.34 dividend on an annualized basis and a yield of 0.6%.

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.