ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Sees Large Increase in Short Interest

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) was the target of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 1,766 shares, an increase of 394.7% from the November 30th total of 357 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 4,844 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 4,844 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Trading Up 0.5%

Shares of SIXL stock opened at $37.28 on Thursday. The firm has a market capitalization of $193.11 million, a P/E ratio of 17.82 and a beta of 0.62. ETC 6 Meridian Low Beta Equity Strategy ETF has a 1 year low of $34.20 and a 1 year high of $38.27. The firm’s fifty day simple moving average is $36.71 and its 200 day simple moving average is $36.70.

ETC 6 Meridian Low Beta Equity Strategy ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Tuesday, November 25th were given a dividend of $0.0739 per share. This is an increase from ETC 6 Meridian Low Beta Equity Strategy ETF’s previous monthly dividend of $0.05. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, November 25th.

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.