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 recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 40 shares, a decrease of 62.3% from the April 15th total of 106 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 1,796 shares, the days-to-cover ratio is presently 0.0 days.

ETC 6 Meridian Low Beta Equity Strategy ETF Trading Down 0.7%

Shares of NYSEARCA:SIXL traded down $0.26 during trading on Friday, reaching $37.69. 3,989 shares of the company traded hands, compared to its average volume of 3,631. The firm has a market capitalization of $189.58 million, a price-to-earnings ratio of 17.82 and a beta of 0.59. ETC 6 Meridian Low Beta Equity Strategy ETF has a 52-week low of $35.69 and a 52-week high of $39.75. The business’s fifty day moving average is $38.27 and its 200-day moving average is $37.73.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Wednesday, February 25th were paid a $0.0533 dividend. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a c) dividend on an annualized basis and a yield of 1.7%.

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.