ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Short Interest Update

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 11,300 shares, anincreaseof213.9% from the June 30th total of 3,600 shares. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 16,600 shares, the days-to-cover ratio is presently 0.7 days.

ETC 6 Meridian Mega Cap Equity ETF Trading Up 0.1%

Shares of SIXA opened at $48.65 on Wednesday. The stock has a 50 day moving average of $48.29 and a 200 day moving average of $46.82. ETC 6 Meridian Mega Cap Equity ETF has a 12 month low of $41.14 and a 12 month high of $49.53. The company has a market capitalization of $438.82 million, a price-to-earnings ratio of 16.86 and a beta of 0.76.

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

A number of large investors have recently made changes to their positions in the stock. Harbour Investments Inc. bought a new stake in ETC 6 Meridian Mega Cap Equity ETF during the second quarter valued at $106,000. Foresight Capital Management Advisors Inc. bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the second quarter worth about $540,000. Goldman Sachs Group Inc. bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the first quarter worth about $768,000. Clear Creek Financial Management LLC bought a new stake in shares of ETC 6 Meridian Mega Cap Equity ETF in the first quarter worth about $5,047,000. Finally, HighTower Advisors LLC grew its stake in shares of ETC 6 Meridian Mega Cap Equity ETF by 4.8% in the first quarter. HighTower Advisors LLC now owns 6,484,121 shares of the company’s stock worth $301,706,000 after purchasing an additional 297,748 shares during the last quarter.

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.