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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 258 shares, a growth of 561.5% from the May 14th total of 39 shares. Based on an average trading volume of 2,605 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of SIXL traded up $0.35 during trading hours on Wednesday, hitting $38.61. The stock had a trading volume of 8,227 shares, compared to its average volume of 3,781. ETC 6 Meridian Low Beta Equity Strategy ETF has a 12 month low of $35.69 and a 12 month high of $39.75. The firm has a market capitalization of $194.21 million, a PE ratio of 17.82 and a beta of 0.57. The stock has a fifty day moving average price of $38.22 and a 200 day moving average price of $37.93.

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.