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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 40 shares, a decline of 62.3% from the April 15th total of 106 shares. Based on an average daily trading volume, of 1,796 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of NYSEARCA:SIXL traded down $0.03 during trading on Thursday, reaching $37.95. 5,005 shares of the stock were exchanged, compared to its average volume of 3,627. ETC 6 Meridian Low Beta Equity Strategy ETF has a 1-year low of $35.69 and a 1-year high of $39.75. The stock has a fifty day moving average of $38.33 and a two-hundred day moving average of $37.72. The firm has a market cap of $190.89 million, a price-to-earnings ratio of 17.82 and a beta of 0.59.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The company 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 of this dividend 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.