ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Stock Short Interest Rises 733.2%

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the target of a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 3,083 shares, a growth of 733.2% from the September 15th total of 370 shares. Based on an average daily volume of 2,520 shares, the short-interest ratio is currently 1.2 days. Currently, 0.1% of the shares of the company are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Down 0.1%

NYSEARCA:SIXL traded down $0.03 during mid-day trading on Friday, reaching $38.45. 6 shares of the stock were exchanged, compared to its average volume of 4,171. The company has a 50 day simple moving average of $39.17 and a 200-day simple moving average of $38.84. The stock has a market capitalization of $198.02 million, a P/E ratio of 17.82 and a beta of 0.55. ETC 6 Meridian Low Beta Equity Strategy ETF has a 1 year low of $35.69 and a 1 year high of $40.92.

ETC 6 Meridian Low Beta Equity Strategy ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a dividend of $0.0638 per share. The ex-dividend date was Monday, September 28th. This represents a $0.77 dividend on an annualized basis and a yield of 2.0%. This is an increase from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0627.

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.