ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Short Interest Update

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 970 shares, a drop of 41.5% from the December 31st total of 1,657 shares. Based on an average daily volume of 6,680 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 6,680 shares, the days-to-cover ratio is currently 0.1 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Down 0.1%

SIXL traded down $0.02 during mid-day trading on Friday, reaching $37.53. 3,095 shares of the company traded hands, compared to its average volume of 5,658. The stock has a market capitalization of $188.77 million, a P/E ratio of 17.82 and a beta of 0.62. The company’s fifty day moving average price is $37.15 and its 200-day moving average price is $36.85. ETC 6 Meridian Low Beta Equity Strategy ETF has a 52-week low of $34.20 and a 52-week high of $38.27.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 28th will be issued a $0.0749 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 2.4%.

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.