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

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

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of SIXL opened at $40.06 on Wednesday. The firm has a market capitalization of $206.31 million, a PE ratio of 17.82 and a beta of 0.55. The company’s 50-day moving average is $39.09 and its 200-day moving average is $38.77. 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 Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.0638 dividend. This is an increase from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0627. The ex-dividend date was Monday, September 28th. This represents a $0.77 dividend on an annualized basis and a yield of 1.9%.

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.