Short Interest in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Decreases By 23.0%

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 8,700 shares, adropof23.0% from the July 15th total of 11,300 shares. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.1% of the shares of the company are short sold. Currently,0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 35,300 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of ETC 6 Meridian Mega Cap Equity ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at approximately $36,000. Harbour Investments Inc. bought a new stake in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at approximately $106,000. Foresight Capital Management Advisors Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at approximately $540,000. CW Advisors LLC purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter valued at approximately $554,000. Finally, Goldman Sachs Group Inc. purchased a new position in ETC 6 Meridian Mega Cap Equity ETF during the 1st quarter valued at approximately $768,000.

ETC 6 Meridian Mega Cap Equity ETF Trading Up 0.5%

Shares of SIXA opened at $50.00 on Friday. The business’s 50 day moving average is $48.76 and its 200 day moving average is $47.14. The company has a market capitalization of $451 million, a PE ratio of 16.86 and a beta of 0.76. ETC 6 Meridian Mega Cap Equity ETF has a 12-month low of $41.26 and a 12-month high of $50.10.

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.