ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Shares Shorted: Short Interest Up 119.0% in October

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 7,069 shares, a growth of 119.0% from the September 30th total of 3,228 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,761 shares, the short-interest ratio is presently 2.6 days.

ETC 6 Meridian Small Cap Equity ETF Trading Down 0.2%

NYSEARCA:SIXS traded down $0.12 during mid-day trading on Friday, hitting $57.23. 374 shares of the company’s stock traded hands, compared to its average volume of 4,208. The firm has a 50 day moving average of $56.73 and a two-hundred day moving average of $55.51. The firm has a market capitalization of $143.07 million, a price-to-earnings ratio of 11.13 and a beta of 0.75. ETC 6 Meridian Small Cap Equity ETF has a 12 month low of $48.08 and a 12 month high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 28th will be paid a $0.0919 dividend. This is a decrease from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1069. The ex-dividend date is Wednesday, October 28th. This represents a $1.10 annualized dividend and a yield of 1.9%.

About ETC 6 Meridian Small Cap Equity ETF

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.