ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Short Interest Up 561.5% in May

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 258 shares, an increase of 561.5% from the May 14th total of 39 shares. Based on an average trading volume of 2,605 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance

Shares of NYSEARCA:SIXL traded up $0.16 during trading on Friday, hitting $38.71. The company’s stock had a trading volume of 1,775 shares, compared to its average volume of 3,732. ETC 6 Meridian Low Beta Equity Strategy ETF has a fifty-two week low of $35.69 and a fifty-two week high of $39.75. The stock’s 50-day moving average price is $38.26 and its two-hundred day moving average price is $37.95. The company has a market capitalization of $194.71 million, a PE ratio of 17.82 and a beta of 0.57.

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.