ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL – Get Free Report) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 3,083 shares, an increase of 733.2% from the September 15th total of 370 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,520 shares, the days-to-cover ratio is currently 1.2 days.
ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance
Shares of SIXL stock opened at $38.45 on Friday. The firm has a market cap of $198.02 million, a price-to-earnings ratio of 17.82 and a beta of 0.55. ETC 6 Meridian Low Beta Equity Strategy ETF has a 52 week low of $35.69 and a 52 week high of $40.92. The firm’s 50-day simple moving average is $39.17 and its two-hundred day simple moving average is $38.83.
ETC 6 Meridian Low Beta Equity Strategy ETF Increases Dividend
The company also recently disclosed a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were paid a $0.0638 dividend. The ex-dividend date was Monday, September 28th. This is a positive change from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.0627. This represents a $0.77 annualized dividend and a yield of 2.0%.
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.
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