ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) Sees Significant Decline in Short Interest

ETC 6 Meridian Small Cap Equity ETF (NYSEARCA:SIXS) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,228 shares, a drop of 78.8% from the September 15th total of 15,243 shares. Based on an average daily trading volume, of 5,076 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s shares are sold short.

ETC 6 Meridian Small Cap Equity ETF Trading Up 0.1%

Shares of NYSEARCA:SIXS traded up $0.06 on Tuesday, reaching $55.80. 5 shares of the company traded hands, compared to its average volume of 4,097. The stock has a market capitalization of $139.49 million, a P/E ratio of 11.13 and a beta of 0.75. The business’s 50-day simple moving average is $57.37 and its 200 day simple moving average is $56.27. ETC 6 Meridian Small Cap Equity ETF has a 52 week low of $48.05 and a 52 week high of $60.43.

ETC 6 Meridian Small Cap Equity ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 28th were issued a dividend of $0.1069 per share. The ex-dividend date was Monday, September 28th. This represents a $1.28 annualized dividend and a yield of 2.3%. This is a drop from ETC 6 Meridian Small Cap Equity ETF’s previous monthly dividend of $0.1081.

ETC 6 Meridian Small Cap Equity ETF Company Profile

The ETC 6 Meridian Small Cap Equity ETF (SIXS) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is a portfolio of US small-caps with low beta and value characteristics, actively selected from the S&P 600. SIXS was launched on May 11, 2020 and is managed by Meridian.