ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Stock Short Interest Declines 78.8%

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 3,228 shares, a drop of 78.8% from the September 15th total of 15,243 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average trading volume of 5,076 shares, the days-to-cover ratio is presently 0.6 days.

ETC 6 Meridian Small Cap Equity ETF Trading Up 0.6%

Shares of NYSEARCA SIXS traded up $0.35 during mid-day trading on Monday, reaching $55.78. The company had a trading volume of 2,857 shares, compared to its average volume of 4,118. The company has a 50-day moving average price of $57.45 and a two-hundred day moving average price of $56.24. The stock has a market cap of $139.45 million, a PE ratio of 11.13 and a beta of 0.75. ETC 6 Meridian Small Cap Equity ETF has a 1-year low of $47.90 and a 1-year high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th were paid a dividend of $0.1069 per share. This is a drop from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1081. This represents a $1.28 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, September 28th.

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.