ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Sees Large Growth in Short Interest

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,638 shares, an increase of 164.9% from the April 30th total of 2,883 shares. Based on an average trading volume of 1,103 shares, the short-interest ratio is currently 6.9 days. Approximately 0.3% of the company’s stock are sold short.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

NYSEARCA SIXS traded down $0.18 on Friday, reaching $53.98. The company had a trading volume of 341 shares, compared to its average volume of 3,734. The firm has a market capitalization of $126.85 million, a price-to-earnings ratio of 11.13 and a beta of 0.77. ETC 6 Meridian Small Cap Equity ETF has a 1-year low of $45.77 and a 1-year high of $55.61. The company’s fifty day moving average is $53.66 and its 200-day moving average is $52.51.

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

An institutional investor recently bought a new position in ETC 6 Meridian Small Cap Equity ETF stock. Wealth Alliance Advisory Group LLC bought a new stake in ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,118 shares of the company’s stock, valued at approximately $716,000. Wealth Alliance Advisory Group LLC owned approximately 0.64% of ETC 6 Meridian Small Cap Equity ETF at the end of the most recent quarter.

ETC 6 Meridian Small Cap Equity ETF Company Profile

The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.