ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Stock Short Interest Declines 68.6%

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 968 shares, a decline of 68.6% from the September 30th total of 3,083 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,954 shares, the days-to-cover ratio is currently 0.5 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Trading Up 0.7%

Shares of ETC 6 Meridian Low Beta Equity Strategy ETF stock traded up $0.30 on Friday, reaching $40.39. 240 shares of the company were exchanged, compared to its average volume of 4,067. The stock has a fifty day moving average price of $39.08 and a 200-day moving average price of $38.80. The firm has a market capitalization of $208.01 million, a price-to-earnings ratio of 17.82 and a beta of 0.55. ETC 6 Meridian Low Beta Equity Strategy ETF has a fifty-two week low of $35.69 and a fifty-two week high of $40.92.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 28th will be paid a $0.0428 dividend. The ex-dividend date of this dividend is Wednesday, October 28th. This represents a $0.51 dividend on an annualized basis and a yield of 1.3%. This is a decrease from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0638.

ETC 6 Meridian Low Beta Equity Strategy ETF Company Profile

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.