Touchstone Securitized Income ETF (NYSEARCA:TSEC) Sees Large Increase in Short Interest

Touchstone Securitized Income ETF (NYSEARCA:TSEC) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 47,501 shares, an increase of 82.0% from the September 15th total of 26,097 shares. Approximately 0.7% of the company’s shares are sold short. Based on an average daily trading volume, of 56,940 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Touchstone Securitized Income ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Retirement Planning Group LLC grew its holdings in shares of Touchstone Securitized Income ETF by 367.3% in the first quarter. Retirement Planning Group LLC now owns 366,584 shares of the company’s stock valued at $9,454,000 after purchasing an additional 288,144 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Touchstone Securitized Income ETF by 0.6% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 3,900,413 shares of the company’s stock valued at $100,592,000 after purchasing an additional 25,000 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Touchstone Securitized Income ETF by 248.5% during the second quarter. Citadel Advisors LLC now owns 34,325 shares of the company’s stock worth $886,000 after purchasing an additional 24,475 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Touchstone Securitized Income ETF in the first quarter valued at $412,000. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Touchstone Securitized Income ETF in the 2nd quarter valued at about $26,000.

Touchstone Securitized Income ETF Trading Up 0.1%

Touchstone Securitized Income ETF stock traded up $0.03 during mid-day trading on Friday, hitting $25.17. The company’s stock had a trading volume of 6,061 shares, compared to its average volume of 27,403. Touchstone Securitized Income ETF has a 1 year low of $24.89 and a 1 year high of $26.47. The stock’s fifty day moving average is $25.37 and its two-hundred day moving average is $25.63.

Touchstone Securitized Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th were given a $0.1673 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This is a positive change from Touchstone Securitized Income ETF’s previous monthly dividend of $0.1439. This represents a $2.01 dividend on an annualized basis and a yield of 8.0%.

About Touchstone Securitized Income ETF

The Touchstone Securitized Income ETF (TSEC) is an exchange-traded fund that is based on the Bloomberg US Aggregate index. The fund is an actively managed, broad portfolio of securitized fixed income securities. The fund may tilt towards short-term, investment grade paper but the portfolio managers are not held to those requirements. TSEC was launched on Jul 17, 2023 and is issued by Touchstone.