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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 6,969 shares, a growth of 1,176.4% from the January 29th total of 546 shares. Based on an average daily trading volume, of 1,827 shares, the short-interest ratio is presently 3.8 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,827 shares, the short-interest ratio is presently 3.8 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Trading Down 0.4%

SIXL stock traded down $0.16 during trading hours on Wednesday, hitting $39.15. 564 shares of the stock traded hands, compared to its average volume of 4,304. The stock has a 50-day simple moving average of $37.85 and a 200 day simple moving average of $37.15. ETC 6 Meridian Low Beta Equity Strategy ETF has a one year low of $34.20 and a one year high of $39.31. The company has a market cap of $196.92 million, a P/E ratio of 17.82 and a beta of 0.62.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 25th will be paid a $0.0533 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a c) annualized dividend and a dividend yield of 1.6%.

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.