Short Interest in ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Grows By 139.5%

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 17,282 shares, a growth of 139.5% from the November 30th total of 7,217 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average trading volume of 9,773 shares, the short-interest ratio is currently 1.8 days. Based on an average trading volume of 9,773 shares, the short-interest ratio is currently 1.8 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of ETC 6 Meridian Mega Cap Equity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF during the 3rd quarter valued at about $3,372,000. JPMorgan Chase & Co. grew its holdings in ETC 6 Meridian Mega Cap Equity ETF by 700.0% in the third quarter. JPMorgan Chase & Co. now owns 6,000 shares of the company’s stock valued at $298,000 after purchasing an additional 5,250 shares during the period. HighTower Advisors LLC increased 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 worth $352,169,000 after purchasing an additional 438,682 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in ETC 6 Meridian Mega Cap Equity ETF during the third quarter worth approximately $427,000. Finally, Osaic Holdings Inc. raised its stake 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 worth $533,000 after purchasing an additional 10,016 shares during the period.

ETC 6 Meridian Mega Cap Equity ETF Trading Down 0.2%

Shares of ETC 6 Meridian Mega Cap Equity ETF stock traded down $0.11 during trading hours on Friday, reaching $50.41. 1,029 shares of the company’s stock were exchanged, compared to its average volume of 32,613. ETC 6 Meridian Mega Cap Equity ETF has a 52-week low of $41.26 and a 52-week high of $50.53. The company has a fifty day moving average of $49.47 and a 200-day moving average of $49.19. The firm has a market capitalization of $409.33 million, a price-to-earnings ratio of 16.86 and a beta of 0.72.

ETC 6 Meridian Mega Cap Equity ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 26th. Investors of record on Tuesday, November 25th were given a dividend of $0.0545 per share. The ex-dividend date was Tuesday, November 25th. This represents a c) annualized dividend and a yield of 1.3%.

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.