ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Sees Significant Drop in Short Interest

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the recipient of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 1,695 shares, a decrease of 76.0% from the October 15th total of 7,069 shares. Based on an average daily trading volume, of 6,203 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

SIXS stock opened at $57.98 on Thursday. The company has a market capitalization of $146.69 million, a price-to-earnings ratio of 11.82 and a beta of 0.75. ETC 6 Meridian Small Cap Equity ETF has a fifty-two week low of $48.08 and a fifty-two week high of $60.43. The stock has a fifty day moving average of $56.60 and a 200-day moving average of $55.72.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 28th were issued a dividend of $0.0919 per share. This represents a $1.10 annualized dividend and a yield of 1.9%. This is a drop from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1069. The ex-dividend date of this dividend was Wednesday, October 28th.

Hedge Funds Weigh In On ETC 6 Meridian Small Cap Equity ETF

An institutional investor recently bought a new position in ETC 6 Meridian Small Cap Equity ETF stock. Diversified Trust Co bought a new position in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 51,071 shares of the company’s stock, valued at approximately $2,786,000. Diversified Trust Co owned approximately 2.02% of ETC 6 Meridian Small Cap Equity ETF as of its most recent SEC filing.

About ETC 6 Meridian Small Cap Equity ETF

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.