ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Shares Shorted: Short Interest Down 67.6% in September

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 370 shares, a decrease of 67.6% from the August 31st total of 1,142 shares. Based on an average trading volume of 3,335 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance

SIXL traded down $0.08 during midday trading on Monday, hitting $37.47. The company had a trading volume of 235 shares, compared to its average volume of 4,293. ETC 6 Meridian Low Beta Equity Strategy ETF has a twelve month low of $35.69 and a twelve month high of $40.92. The company has a market capitalization of $192.97 million, a PE ratio of 17.82 and a beta of 0.55. The firm’s 50-day simple moving average is $39.59 and its 200-day simple moving average is $38.86.

ETC 6 Meridian Low Beta Equity Strategy ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 28th will be issued a $0.0638 dividend. This is an increase from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0627. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, September 28th.

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.