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

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 7,069 shares, a growth of 119.0% from the September 30th total of 3,228 shares. Based on an average daily trading volume, of 2,761 shares, the days-to-cover ratio is presently 2.6 days. Approximately 0.3% of the shares of the company are sold short.

ETC 6 Meridian Small Cap Equity ETF Stock Performance

NYSEARCA SIXS traded down $0.12 during trading hours on Friday, reaching $57.23. 374 shares of the company’s stock were exchanged, compared to its average volume of 4,208. The company has a market capitalization of $144.79 million, a price-to-earnings ratio of 11.13 and a beta of 0.75. The company’s 50-day moving average is $56.73 and its two-hundred day moving average is $55.51. ETC 6 Meridian Small Cap Equity ETF has a one year low of $48.08 and a one year high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 28th were issued a $0.0919 dividend. This represents a $1.10 annualized dividend and a yield of 1.9%. This is a decrease from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1069. The ex-dividend date was Wednesday, October 28th.

About ETC 6 Meridian Small Cap Equity ETF

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.