Short Interest in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Drops By 59.4%

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 10,670 shares, a drop of 59.4% from the January 15th total of 26,306 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,066 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 13,066 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of SIXA. HighTower Advisors LLC raised its stake in ETC 6 Meridian Mega Cap Equity ETF by 6.2% in the fourth quarter. HighTower Advisors LLC now owns 7,528,911 shares of the company’s stock worth $375,919,000 after buying an additional 438,847 shares in the last quarter. Midwest Trust Co purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the 2nd quarter worth approximately $6,229,000. Two Sigma Investments LP purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter worth approximately $3,372,000. Wealth Alliance Advisory Group LLC bought a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 4th quarter worth approximately $964,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 1st quarter valued at approximately $768,000.

ETC 6 Meridian Mega Cap Equity ETF Stock Down 0.3%

Shares of SIXA traded down $0.16 during mid-day trading on Thursday, hitting $53.68. 10,890 shares of the company’s stock traded hands, compared to its average volume of 12,955. The firm has a market capitalization of $453.60 million, a P/E ratio of 16.86 and a beta of 0.72. The business’s 50-day moving average price is $51.01 and its 200-day moving average price is $49.91. ETC 6 Meridian Mega Cap Equity ETF has a 1 year low of $41.26 and a 1 year high of $54.16.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were given a $0.087 dividend. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, January 28th.

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.