ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Short Interest Down 53.2% in May

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 21,247 shares, a drop of 53.2% from the May 14th total of 45,419 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 8,125 shares, the days-to-cover ratio is currently 2.6 days.

ETC 6 Meridian Mega Cap Equity ETF Stock Up 0.8%

Shares of NYSEARCA:SIXA traded up $0.43 during mid-day trading on Friday, reaching $56.39. 5,495 shares of the stock were exchanged, compared to its average volume of 11,086. The company has a market cap of $489.47 million, a P/E ratio of 16.86 and a beta of 0.67. ETC 6 Meridian Mega Cap Equity ETF has a one year low of $47.31 and a one year high of $56.41. The stock’s 50 day simple moving average is $54.55 and its 200-day simple moving average is $52.64.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the first quarter valued at approximately $768,000. JPMorgan Chase & Co. acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at approximately $36,000. Osaic Holdings Inc. boosted its position in ETC 6 Meridian Mega Cap Equity ETF by 1,022.0% during the second quarter. Osaic Holdings Inc. now owns 10,996 shares of the company’s stock valued at $533,000 after purchasing an additional 10,016 shares during the last quarter. HighTower Advisors LLC boosted its position in ETC 6 Meridian Mega Cap Equity ETF by 6.6% during the third quarter. HighTower Advisors LLC now owns 7,090,064 shares of the company’s stock valued at $352,169,000 after purchasing an additional 438,682 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the third quarter valued at approximately $3,372,000.

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.