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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 40 shares, a decline of 62.3% from the April 15th total of 106 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,796 shares, the short-interest ratio is presently 0.0 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance

Shares of NYSEARCA:SIXL traded down $0.03 during midday trading on Thursday, hitting $37.95. 5,005 shares of the stock were exchanged, compared to its average volume of 3,627. The business’s 50-day moving average price is $38.33 and its 200 day moving average price is $37.72. The stock has a market capitalization of $190.89 million, a price-to-earnings ratio of 17.82 and a beta of 0.59. ETC 6 Meridian Low Beta Equity Strategy ETF has a 12 month low of $35.69 and a 12 month high of $39.75.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a $0.0533 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 25th.

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.