ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL – Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 370 shares, a drop of 67.6% from the August 31st total of 1,142 shares. Based on an average trading volume of 3,335 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.
ETC 6 Meridian Low Beta Equity Strategy ETF Price Performance
NYSEARCA SIXL traded down $0.16 during trading on Tuesday, reaching $37.31. 3,170 shares of the company’s stock were exchanged, compared to its average volume of 4,272. The business has a 50 day moving average price of $39.59 and a 200-day moving average price of $38.86. The stock has a market capitalization of $192.14 million, a P/E ratio of 17.82 and a beta of 0.55. ETC 6 Meridian Low Beta Equity Strategy ETF has a fifty-two week low of $35.69 and a fifty-two week high of $40.92.
ETC 6 Meridian Low Beta Equity Strategy ETF Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 28th will be issued a $0.0638 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.1%. This is a boost from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0627.
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.
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