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 target of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 970 shares, a drop of 41.5% from the December 31st total of 1,657 shares. Based on an average daily volume of 6,680 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 6,680 shares, the short-interest ratio is presently 0.1 days.

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

Shares of ETC 6 Meridian Low Beta Equity Strategy ETF stock traded down $0.02 on Friday, reaching $37.53. The company’s stock had a trading volume of 3,095 shares, compared to its average volume of 5,658. ETC 6 Meridian Low Beta Equity Strategy ETF has a 52 week low of $34.20 and a 52 week high of $38.27. The firm’s fifty day simple moving average is $37.15 and its two-hundred day simple moving average is $36.85. The company has a market capitalization of $188.77 million, a price-to-earnings ratio of 17.82 and a beta of 0.62.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 28th will be given a $0.0749 dividend. The ex-dividend date of this dividend is Wednesday, January 28th. This represents a c) dividend on an annualized basis and a yield of 2.4%.

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.