ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) Short Interest Up 92.3% in March

ETC 6 Meridian Low Beta Equity Strategy ETF (NYSEARCA:SIXL) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 10,839 shares, a growth of 92.3% from the March 15th total of 5,637 shares. Based on an average trading volume of 3,499 shares, the days-to-cover ratio is currently 3.1 days. Approximately 0.2% of the shares of the company are short sold.

ETC 6 Meridian Low Beta Equity Strategy ETF Stock Performance

Shares of NYSEARCA:SIXL opened at $38.52 on Monday. ETC 6 Meridian Low Beta Equity Strategy ETF has a 12-month low of $35.21 and a 12-month high of $39.75. The company has a market capitalization of $193.76 million, a PE ratio of 17.82 and a beta of 0.61. The business has a 50 day moving average of $38.50 and a two-hundred day moving average of $37.47.

ETC 6 Meridian Low Beta Equity Strategy ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Wednesday, February 25th were issued 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%.

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.