Short Interest in ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Declines By 22.5%

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 5,398 shares, a decline of 22.5% from the February 12th total of 6,969 shares. Based on an average daily trading volume, of 3,490 shares, the short-interest ratio is currently 1.5 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,490 shares, the short-interest ratio is currently 1.5 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

NYSEARCA:SIXL traded up $0.13 during trading hours on Friday, reaching $38.39. 9,234 shares of the company were exchanged, compared to its average volume of 4,078. The company has a market capitalization of $193.10 million, a P/E ratio of 17.82 and a beta of 0.62. ETC 6 Meridian Low Beta Equity Strategy ETF has a 1-year low of $34.20 and a 1-year high of $39.75. The business has a 50 day moving average of $38.34 and a 200 day moving average of $37.33.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

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