ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Short Interest Up 29.2% in May

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the recipient of a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 3,100 shares, a growth of 29.2% from the May 15th total of 2,400 shares. Based on an average trading volume of 3,500 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Investors Weigh In On ETC 6 Meridian Small Cap Equity ETF

Several hedge funds have recently modified their holdings of SIXS. HighTower Advisors LLC increased its stake in ETC 6 Meridian Small Cap Equity ETF by 4.8% during the first quarter. HighTower Advisors LLC now owns 1,927,058 shares of the company’s stock valued at $90,206,000 after acquiring an additional 87,951 shares during the period. Citadel Advisors LLC bought a new stake in shares of ETC 6 Meridian Small Cap Equity ETF in the 4th quarter worth approximately $938,000. Finally, OLD Mission Capital LLC acquired a new stake in shares of ETC 6 Meridian Small Cap Equity ETF during the 4th quarter worth approximately $291,000.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

ETC 6 Meridian Small Cap Equity ETF stock opened at $46.47 on Thursday. ETC 6 Meridian Small Cap Equity ETF has a 52 week low of $41.63 and a 52 week high of $52.97. The firm has a market capitalization of $94.33 million, a PE ratio of 11.89 and a beta of 0.83. The business’s 50-day simple moving average is $45.62 and its 200-day simple moving average is $47.62.

ETC 6 Meridian Small Cap Equity ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, March 28th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.0864 per share. The ex-dividend date was Thursday, March 27th. This is a positive change from ETC 6 Meridian Small Cap Equity ETF’s previous dividend of $0.03.

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.