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

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient 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 stock are short sold. Based on an average daily trading volume, of 9,009 shares, the short-interest ratio is presently 0.7 days.

ETC 6 Meridian Mega Cap Equity ETF Price Performance

Shares of SIXA stock traded down $0.51 during mid-day trading on Monday, hitting $57.25. The company had a trading volume of 5,007 shares, compared to its average volume of 12,796. The stock’s 50 day moving average price is $57.51 and its 200-day moving average price is $55.60. ETC 6 Meridian Mega Cap Equity ETF has a 52-week low of $48.28 and a 52-week high of $58.52. The company has a market capitalization of $541.01 million, a P/E ratio of 16.86 and a beta of 0.66.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th will be issued a $0.1026 dividend. The ex-dividend date is Monday, September 28th. This represents a $1.23 dividend on an annualized basis and a yield of 2.2%. This is an increase from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.0283.

About ETC 6 Meridian Mega Cap Equity ETF

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.