ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Sees Large Decline in Short Interest

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 3,228 shares, a drop of 78.8% from the September 15th total of 15,243 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 5,076 shares, the days-to-cover ratio is presently 0.6 days.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

SIXS stock traded down $0.21 during midday trading on Friday, hitting $55.43. 2,857 shares of the company’s stock were exchanged, compared to its average volume of 4,118. The stock’s fifty day moving average price is $57.45 and its 200-day moving average price is $56.20. The company has a market cap of $138.57 million, a PE ratio of 11.13 and a beta of 0.75. ETC 6 Meridian Small Cap Equity ETF has a one year low of $47.90 and a one year high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were given a $0.1069 dividend. The ex-dividend date was Monday, September 28th. This represents a $1.28 annualized dividend and a dividend yield of 2.3%. This is a drop from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1081.

ETC 6 Meridian Small Cap Equity ETF Company Profile

The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.