ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG) Sees Large Drop in Short Interest

ETC 6 Meridian Quality Growth ETF (NYSEARCA:SXQG) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 149 shares, a decline of 93.2% from the June 30th total of 2,205 shares. Based on an average daily volume of 8,804 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

ETC 6 Meridian Quality Growth ETF Trading Up 1.0%

SXQG stock traded up $0.30 during mid-day trading on Friday, hitting $31.43. The stock had a trading volume of 334 shares, compared to its average volume of 3,712. ETC 6 Meridian Quality Growth ETF has a 1-year low of $29.10 and a 1-year high of $33.92. The company has a fifty day moving average of $31.88 and a 200 day moving average of $31.63. The stock has a market capitalization of $60.35 million, a price-to-earnings ratio of 28.56 and a beta of 1.00.

About ETC 6 Meridian Quality Growth ETF

The ETC 6 Meridian Quality Growth ETF (SXQG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed fund of US-based companies that exhibit high quality and growth characteristics relative to their peers. SXQG was launched on May 10, 2021 and is managed by Meridian.