ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Shares Shorted: Short Interest Down 68.6% in October

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 968 shares, a drop of 68.6% from the September 30th total of 3,083 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 1,954 shares, the short-interest ratio is presently 0.5 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

Shares of NYSEARCA SIXL opened at $40.06 on Wednesday. The stock’s fifty day moving average price is $39.09 and its two-hundred day moving average price is $38.77. ETC 6 Meridian Low Beta Equity Strategy ETF has a one year low of $35.69 and a one year high of $40.92. The firm has a market cap of $206.31 million, a price-to-earnings ratio of 17.82 and a beta of 0.55.

ETC 6 Meridian Low Beta Equity Strategy ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 28th were given a $0.0638 dividend. The ex-dividend date of this dividend was Monday, September 28th. This is a boost from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0627. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.9%.

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.