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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 258 shares, an increase of 561.5% from the May 14th total of 39 shares. Based on an average daily volume of 2,605 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Up 0.9%

NYSEARCA:SIXL traded up $0.35 during midday trading on Wednesday, hitting $38.61. The stock had a trading volume of 8,227 shares, compared to its average volume of 3,781. ETC 6 Meridian Low Beta Equity Strategy ETF has a one year low of $35.69 and a one year high of $39.75. The company has a market capitalization of $194.21 million, a price-to-earnings ratio of 17.82 and a beta of 0.57. The stock has a 50-day moving average of $38.22 and a 200 day moving average of $37.93.

ETC 6 Meridian Low Beta Equity Strategy ETF Company Profile

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.