ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Sees Large Decrease in Short Interest

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 1,596 shares, a drop of 92.7% from the October 15th total of 21,906 shares. Based on an average daily trading volume, of 14,244 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Trading of ETC 6 Meridian Mega Cap Equity ETF

A number of institutional investors and hedge funds have recently modified their holdings of SIXA. Brighton Jones LLC bought a new position in ETC 6 Meridian Mega Cap Equity ETF in the third quarter worth $2,338,000. HighTower Advisors LLC bought a new stake in ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at $483,679,000. Finally, Diversified Trust Co acquired a new position in shares of ETC 6 Meridian Mega Cap Equity ETF in the 3rd quarter valued at $4,109,000.

ETC 6 Meridian Mega Cap Equity ETF Trading Up 1.7%

SIXA traded up $0.97 on Wednesday, hitting $58.37. 14,931 shares of the stock traded hands, compared to its average volume of 12,855. The business has a fifty day moving average price of $57.56 and a two-hundred day moving average price of $55.54. The firm has a market capitalization of $561.53 million, a PE ratio of 16.86 and a beta of 0.66. ETC 6 Meridian Mega Cap Equity ETF has a 52 week low of $48.42 and a 52 week high of $58.95.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 28th were given a dividend of $0.1683 per share. This is a boost from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.1026. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Wednesday, October 28th.

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.