ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Sees Large Decline in Short Interest

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 370 shares, a decrease of 67.6% from the August 31st total of 1,142 shares. Based on an average daily volume of 3,335 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of SIXL traded down $0.08 on Friday, reaching $37.55. The company’s stock had a trading volume of 497 shares, compared to its average volume of 4,316. The stock has a market capitalization of $193.38 million, a P/E ratio of 17.82 and a beta of 0.55. The stock’s 50 day simple moving average is $39.64 and its two-hundred day simple moving average is $38.87. ETC 6 Meridian Low Beta Equity Strategy ETF has a 12-month low of $35.69 and a 12-month high of $40.92.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Wednesday, July 29th were given a $0.0564 dividend. The ex-dividend date was Wednesday, July 29th. This is a drop from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0882. This represents a $0.68 annualized dividend and a yield of 1.8%.

About ETC 6 Meridian Low Beta Equity Strategy ETF

The ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of US stocks selected for fundamental factors of growth and low volatility. Securities are equally weighted. SIXL was launched on May 11, 2020 and is managed by Meridian.