ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Stock Short Interest Report for October

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 7,069 shares, an increase of 119.0% from the September 30th total of 3,228 shares. Based on an average daily trading volume, of 2,761 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.3% of the company’s shares are sold short.

ETC 6 Meridian Small Cap Equity ETF Trading Down 0.2%

ETC 6 Meridian Small Cap Equity ETF stock traded down $0.12 during trading on Friday, hitting $57.23. The company had a trading volume of 374 shares, compared to its average volume of 4,208. ETC 6 Meridian Small Cap Equity ETF has a 1-year low of $48.08 and a 1-year high of $60.43. The company’s 50 day simple moving average is $56.73 and its 200-day simple moving average is $55.51. The stock has a market cap of $143.07 million, a price-to-earnings ratio of 11.13 and a beta of 0.75.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 28th will be issued a dividend of $0.0919 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, October 28th. This is a negative change from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1069.

ETC 6 Meridian Small Cap Equity ETF Company Profile

The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.