ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Short Interest Update

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the recipient of a significant 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 days-to-cover 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 days-to-cover ratio is presently 3.8 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance

SIXL opened at $39.15 on Thursday. The stock has a market capitalization of $196.92 million, a price-to-earnings ratio of 17.82 and a beta of 0.62. The company has a fifty day moving average of $37.85 and a 200 day moving average of $37.15. ETC 6 Meridian Low Beta Equity Strategy ETF has a fifty-two week low of $34.20 and a fifty-two week high of $39.31.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 27th. Investors of record on Wednesday, February 25th will be paid a dividend of $0.0533 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a c) dividend on an annualized basis and a 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.