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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a large decrease in short interest in January. As of January 15th, there was short interest totaling 970 shares, a decrease of 41.5% from the December 31st total of 1,657 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,680 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 6,680 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Up 0.5%

Shares of NYSEARCA:SIXL traded up $0.20 during midday trading on Friday, reaching $37.83. The company’s stock had a trading volume of 3,861 shares, compared to its average volume of 5,563. ETC 6 Meridian Low Beta Equity Strategy ETF has a 1 year low of $34.20 and a 1 year high of $38.27. The business has a 50 day moving average price of $37.17 and a 200 day moving average price of $36.86. The firm has a market cap of $190.28 million, a price-to-earnings ratio of 17.82 and a beta of 0.62.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 28th were paid a dividend of $0.0749 per share. The ex-dividend date of this dividend was Wednesday, January 28th. This represents a c) annualized dividend and a dividend yield of 2.4%.

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.