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

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 39 shares, a drop of 84.9% from the May 31st total of 258 shares. Based on an average trading volume of 5,934 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

NYSEARCA:SIXL traded up $0.60 during mid-day trading on Friday, reaching $39.41. The company’s stock had a trading volume of 1,202 shares, compared to its average volume of 3,745. The company’s fifty day simple moving average is $38.28 and its two-hundred day simple moving average is $38.07. ETC 6 Meridian Low Beta Equity Strategy ETF has a twelve month low of $35.69 and a twelve month high of $39.75. The stock has a market cap of $198.23 million, a P/E ratio of 17.82 and a beta of 0.57.

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.