ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Short Interest Update

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. Based on an average daily volume of 2,747 shares, the days-to-cover ratio is presently 3.9 days. Approximately 0.5% of the shares of the stock are short sold.

ETC 6 Meridian Small Cap Equity ETF Trading Down 0.7%

NYSEARCA:SIXS opened at $59.22 on Friday. The company has a market cap of $140.94 million, a P/E ratio of 11.13 and a beta of 0.74. ETC 6 Meridian Small Cap Equity ETF has a twelve month low of $46.66 and a twelve month high of $60.43. The company’s 50-day moving average price is $57.10 and its 200-day moving average price is $54.68.

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 lifted its position in shares of ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) by 2.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,136,447 shares of the company’s stock after buying an additional 60,329 shares during the period. HighTower Advisors LLC owned approximately 97.11% of ETC 6 Meridian Small Cap Equity ETF worth $108,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.