ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Sees Significant Increase in Short Interest

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 6,969 shares, an increase of 1,176.4% from the January 29th total of 546 shares. Based on an average daily volume of 1,827 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 1,827 shares, the days-to-cover ratio is presently 3.8 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance

Shares of NYSEARCA:SIXL traded up $0.01 during trading on Friday, reaching $39.39. The stock had a trading volume of 157 shares, compared to its average volume of 4,194. ETC 6 Meridian Low Beta Equity Strategy ETF has a 52 week low of $34.20 and a 52 week high of $39.38. The firm’s fifty day moving average is $37.89 and its 200 day moving average is $37.17. The stock has a market cap of $198.13 million, a price-to-earnings ratio of 17.82 and a beta of 0.62.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.0533 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 1.6%.

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.