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) saw a significant decline in short interest in September. As of September 15th, there was short interest totaling 370 shares, a decline of 67.6% from the August 31st total of 1,142 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 3,335 shares, the short-interest ratio is presently 0.1 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Down 0.2%

NYSEARCA:SIXL traded down $0.08 during mid-day trading on Friday, hitting $37.55. 497 shares of the company traded hands, compared to its average volume of 4,316. The stock’s fifty day moving average price is $39.64 and its 200-day moving average price is $38.87. ETC 6 Meridian Low Beta Equity Strategy ETF has a one year low of $35.69 and a one year high of $40.92. The firm has a market cap of $193.38 million, a price-to-earnings ratio of 17.82 and a beta of 0.55.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Wednesday, July 29th were given a dividend of $0.0564 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Wednesday, July 29th. This is a decrease from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0882.

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.