ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Short Interest Update

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant decrease in short interest in April. As of April 15th, there was short interest totaling 106 shares, a decrease of 99.0% from the March 31st total of 10,839 shares. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance

NYSEARCA SIXL traded down $0.12 during midday trading on Friday, hitting $38.66. 210 shares of the company traded hands, compared to its average volume of 3,976. The company has a market cap of $194.46 million, a PE ratio of 17.82 and a beta of 0.61. The company’s 50-day simple moving average is $38.52 and its 200-day simple moving average is $37.58. ETC 6 Meridian Low Beta Equity Strategy ETF has a 52 week low of $35.69 and a 52 week high of $39.75.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were given a dividend of $0.0533 per share. This represents a c) annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, February 25th.

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.