ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) Stock Short Interest Jumps 133.8%

ETC 6 Meridian Mega Cap Equity ETF (NYSEARCA:SIXA) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 14,323 shares, an increase of 133.8% from the September 15th total of 6,127 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 5,358 shares, the short-interest ratio is currently 2.7 days.

ETC 6 Meridian Mega Cap Equity ETF Stock Up 0.6%

Shares of SIXA stock traded up $0.37 during trading hours on Wednesday, reaching $57.36. 21,610 shares of the company’s stock were exchanged, compared to its average volume of 12,458. ETC 6 Meridian Mega Cap Equity ETF has a fifty-two week low of $48.28 and a fifty-two week high of $58.52. The stock has a market capitalization of $543.77 million, a P/E ratio of 16.86 and a beta of 0.66. The business has a fifty day moving average price of $57.59 and a 200-day moving average price of $56.00.

ETC 6 Meridian Mega Cap Equity ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were paid a $0.1026 dividend. The ex-dividend date was Monday, September 28th. This is a positive change from ETC 6 Meridian Mega Cap Equity ETF’s previous monthly dividend of $0.0283. This represents a $1.23 annualized dividend and a dividend yield of 2.1%.

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.